On 19 March 2025, the European Commission (“EC”), in collaboration with the EU’s High Representative for Foreign Affairs and Security Policy, published the Joint White Paper on the Future of European Defence (the “White Paper”), available here. As outlined in the White Paper, the EU is embarking on an ambitious journey: bolstering its defence capabilities through the “REARM Europe” initiative (as announced by the President of the European Commission here. The REARM Europe initiative is…
On 18 October 2024, the Dutch government announced supplemental controls for exports of certain emerging technology items from the Netherlands. These controls will enter into force on 1 December 2024 and will be implemented through the Dutch Regulations Supplemental Controls to the Dual-Use Regulation (Regeling aanvullende controlemaatregelen op de Verordening producten voor tweeĂ«rlei gebruik, the “Dutch Regulations”). The official text of the Dutch Regulations is available here. Scope of Unilaterally Controlled Items The Dutch Regulations…
On 14 June 2023, the UK Office of Financial Sanctions Implementation (“OSFI”) published updated guidance for the Maritime Services Ban and Oil Price Cap (the “Updated Guidance”). The Updated Guidance can be found here and our previous blog posts on UK Maritime Services Ban and Oil Price Cap can be found here and here. The Updated Guidance provides additional clarity and detail on the following: OFSI has also issued General Licence INT/2023/3074680 and updated the…
On May 19, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the US Department of Commerce’s Bureau of Industry and Security (“BIS”) implemented further economic sanctions and export controls targeting Russia and Belarus. The OFAC press release and BIS press release both underscore the US Government’s close coordination with international partners and allies to align new restrictions on Russia and Belarus. In addition, the Leaders of the G7 released…