-
Oct 7, 2024 | 
sanctionsnews.bakermckenzie.com | Ben Smith |Julian Godfray |Emily Thomson
On 30 September 2024, the UK Government issued a notice stating that from 31 October 2024, the provision of intra-group services will no longer be a specific licensing ground available in relation to professional and business services provided by UK companies to their Russian subsidiaries. Licence applications submitted before 31 October 2024 will not be affected by the change.
-
Sep 16, 2024 | 
sanctionsnews.bakermckenzie.com | Julian Godfray |Ben Smith |Paul Amberg
On 10 and 11 September 2024, the US, UK and France and Germany took coordinated action in response to Iran’s support for Russia’s war effort and, in particular, the supply of ballistic missiles by Iran to Russia for use in Ukraine. The measures announced include restrictions on Iran’s national airline, Iran Air, travel bans and asset freezes on Iranian individuals and organisations involved in ballistic missile and drone supply chains, and new Russian shipping sector sanctions.
-
Sep 16, 2024 | 
lexology.com | Julian Godfray |Ben Smith |Paul Amberg
On 10 and 11 September 2024, the US, UK and France and Germany took coordinated action in response to Iran’s support for Russia’s war effort and, in particular, the supply of ballistic missiles by Iran to Russia for use in Ukraine. The measures announced include restrictions on Iran’s national airline, Iran Air, travel bans and asset freezes on Iranian individuals and organisations involved in ballistic missile and drone supply chains, and new Russian shipping sector sanctions.
-
Sep 9, 2024 | 
sanctionsnews.bakermckenzie.com | Ben Smith |Julian Godfray |Andrew Rose |Emily Thomson
On 5 September 2024, the UK amended the scope of its Russia sanctions relating to the provision of certain legal advisory services to non-UK persons, as contained in Regulations 54D and 60DB of The Russia (Sanctions) (EU Exit) Regulations 2019 (“UK Russia Regulations”), via The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2024 (the “Amending Regulation”).
-
May 22, 2024 | 
sanctionsnews.bakermckenzie.com | Janet Kim |Daniel Andreeff |Michael Amberg |Julian Godfray
The US and UK introduced new prohibitions last month related to Russian-origin aluminum, copper, and nickel produced on or after April 13, 2024.
-
May 2, 2024 | 
sanctionsnews.bakermckenzie.com | Paul Amberg |Eunkyung Shin |Rob O'Brien |Julian Godfray
On April 18, 2024, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the UK’s Foreign, Commonwealth & Development Office (“FCDO”) announced a coordinated sanctions package targeting Iran.
-
Dec 18, 2023 | 
sanctionsnews.bakermckenzie.com | Ben Smith |Julian Godfray |Andrew Rose |Emily Thomson
On 14 December 2023, the UK Government introduced two regulations (The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023 and The Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2023) amending The Russia (Sanctions) (EU Exit) Regulations 2019 to impose further restrictions on goods, technology, and sources of funding that the UK Government considers could support Russia’s war against Ukraine.
-
Dec 18, 2023 | 
lexology.com | Ben Smith |Julian Godfray |Andrew Rose |Emily Thomson |Ryan McGrath
On 14 December 2023, the UK Government introduced two regulations (The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023 and The Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2023) amending The Russia (Sanctions) (EU Exit) Regulations 2019 to impose further restrictions on goods, technology, and sources of funding that the UK Government considers could support Russia’s war against Ukraine.
-
Nov 17, 2023 | 
sanctionsnews.bakermckenzie.com | Julian Godfray |Tristan J. Grimmer
The UK Office of Financial Sanctions Implementation (“OFSI”) and the Foreign, Commonwealth and Development Office (“FCDO”) have issued joint guidance (“Joint Guidance”) on the application of the UK’s “ownership and control” test under financial sanctions legislation in circumstances involving designation of public officials.
-
Oct 11, 2023 | 
sanctionsnews.bakermckenzie.com | Julian Godfray |Samuel Ashford
The UK’s Office of Financial Sanctions Implementation (“OFSI“) has published updated guidance (the “Russia Sanctions Guidance“) on the implementation of the Russia (Sanctions) (EU Exit) Regulations 2019 (“UK Russia Regulations“), including a new FAQ addressing circumstances where a UK financial institution receives funds indirectly from or via a designated bank.
