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Dec 18, 2024 | 
squirepattonboggs.com | José Viñals |Matthew Kirk |Diego Pascual |Tigran Piruzyan
On 7 January 2025, the UK issued a new guidance for businesses involved in exporting Common High Priority Items and other goods critical to Russian weapons systems and military development. This guidance aims to support exporters in strengthening their due diligence processes and encourages the inclusion of contractual clauses that prohibit buyers or importers from re-exporting goods to Russia.
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Nov 13, 2024 | 
squirepattonboggs.com | José Viñals |Tigran Piruzyan |Diego Pascual |María Pitarch
On November 22, 2024, the European Commission issued important updates to its Consolidated FAQs on the implementation of Council Regulation No 833/2014 and Council Regulation No 269/2014 (FAQ) concerning the “best efforts” obligation under Article 8a of Council Regulation 833/2014, effective as of November 22, 2024. The updates clarify the responsibilities of EU operators regarding foreign entities they own or control, particularly those based in high-risk jurisdictions like Russia.
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Oct 16, 2024 | 
squirepattonboggs.com | José Viñals |Tigran Piruzyan |Diego Pascual |María Pitarch
On 18 November 2024, the Council of the European Union took significant action by expanding its existing framework of restrictive measures to counter Iran’s military support for Russia and various armed groups operating in the Middle East and Red Sea region.
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Oct 16, 2024 | 
squirepattonboggs.com | José Viñals |Wolfgang A. Maschek |Tigran Piruzyan |Diego Pascual
Donald Trump has come out on top in the 2024 US presidential election. Because of the US’ central role in the world economy, President-elect Donald Trump’s trade policy agenda will have wide-ranging consequences for the US’ trading partners. While there is uncertainty about the course the new president will take regarding the conflict in Ukraine and its impact on US-Europe relations, some potential directions for US trade policy affecting Europe can already be identified.
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Oct 16, 2024 | 
squirepattonboggs.com | José Viñals |Matthew Kirk |Tigran Piruzyan |Diego Pascual
The UK has finally laid the foundation for the new OTSI, announced in December 2023, to ensure even stricter enforcement of existing UK sanctions against Russia, and to crack down on companies that circumvent Russian sanctions. OTSI will enhance sanctioning powers for non-compliance with trade sanctions and refer criminal enforcement cases to HM Revenue and Customs (HMRC) when necessary.
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Sep 19, 2024 | 
squirepattonboggs.com | José Viñals |Matthew Kirk |Tigran Piruzyan |Diego Pascual
The primary objective of this guidance is to ensure industry compliance with export controls and help businesses identify risks associated with circumvention of export restrictions directed against the Russian military-industrial complex.
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Sep 19, 2024 | 
squirepattonboggs.com | José Viñals |Tigran Piruzyan |Diego Pascual |María Pitarch
On 8 October 2024, the Council of the European Union established a new framework for restrictive measures aimed at addressing Russia’s destabilizing actions that threaten the EU and its member states, as outlined in Council Regulation EU 2024/2642. This framework empowers the EU to target individuals and entities involved in actions and policies of the Russian government that undermine fundamental EU values, security, independence and integrity. Read full insight to learn more.
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Jun 27, 2024 | 
lexology.com | José Viñals |Diego Pascual |Tigran Piruzyan |María Pitarch
On 24 June 2024, the Council of the European Union adopted a new set of sanctions against Russia in response to its continued aggression against Ukraine. These new measures target highvalue sectors of the Russian economy, such as energy, finance and trade, and are designed to tighten the enforcement of existing sanctions. Additionally, 69 new individuals and 47 new entities have been added to the list of persons subject to an asset freeze.
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Jun 24, 2024 | 
squirepattonboggs.com | José Viñals |Diego Pascual |Tigran Piruzyan |María Pitarch
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May 29, 2024 | 
lexology.com | José Viñals |Diego Pascual |Tigran Piruzyan |María Pitarch
On 27 May, the Council of the EU introduced a new framework of sanctions implemented by Council Regulation (EU) 2024/1485 of 27 May 2024 concerning restrictive measures in view of the situation in Russia (hereinafter referred to as “Regulation 1485”) and Regulation (EU) 2024/1488, enforcing Regulation (EU) 2024/1485, in reaction to persistent human rights violations and internal repression in Russia (hereinafter referred to as “Regulation 1488”).
