On 25 February 2023, the EU Council adopted the tenth package of restrictive measures in response to Russia’s ongoing aggression against Ukraine. The new regulations include tighter restrictions on the export of dual-use goods, as well as measures against entities that support the conflict or deliver drones used by Russia. According to a statement by … Continue Reading
On Friday, September 16, 2022, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) published in the Federal Register a Final Rule, 87 Fed Reg. 57068, amending the Export Administration Regulations (EAR) (15 CFR parts 730-774) to impose several new controls on exports, reexports, and transfers (in-country) of items to or within Russia … Continue Reading
In our Now & Next podcast series, we spotlight the “Now” (the ongoing global responses to the conflict and crisis in Ukraine) and the “Next” (the immediate- and long-term rippling effects of those responses), as well as what businesses should do now and next to navigate the situation and mitigate their risk exposures. Matthew Kirk, … Continue Reading
The Italian Golden Powers Rules have intricate and unique features and broad-reaching effects, which set them apart from other foreign investment control regimes in the EU. For example, a notification requirement may apply to EU as well as national buyers in certain instances and may apply to Italian companies operating in sectors deemed of strategic … Continue Reading
In light of the current conflict and crisis in Ukraine, we are tracking the evolving sanctions imposed by several governments on Russia and Russia-aligned regions and certain individuals. The jurisdictions in focus are: EU, Japan, Republic of Korea, UK and US. Latest Developments:… Continue Reading
The government of Japan has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent). With relevant developments, we will update this post on a weekly basis. Additional jurisdictions we are tracking include: EU, Republic of Korea, UK and US.… Continue Reading
The UK has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent). With relevant developments, we will update this post on a weekly basis. Additional jurisdictions we are tracking include: EU, Japan, Republic of Korea and US.… Continue Reading
The EU has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent). With relevant developments, we will update this post on a weekly basis. Additional jurisdictions we are tracking include: Japan, Republic of Korea, UK and US.… Continue Reading
The US has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent). With relevant developments, we will update this post on a weekly basis. The latest developments occurred on April 1 and April 6. Additional jurisdictions we are tracking include: EU, Japan, Republic of Korea and … Continue Reading
On April 21, 2022, President Biden issued a proclamation prohibiting Russian-affiliated vessels from entering US ports. Under the proclamation a “Russian-affiliated vessel” means:… Continue Reading
On Tuesday, April 12, 2022, the US Department of Commerce, Bureau of Industry and Security (BIS) published in the Federal Register a Final Rule amending the Export Administration Regulations (EAR) (15 CFR parts 730-774) to add four additional countries to the list of countries excluded from certain license requirements (Supp. No. 3 to part 746) … Continue Reading
Our Trade Practitioners recently provided an overview on Russia-related sanctions and newly imposed export controls by the US, and shared insights on how to manage US trade contracts and negotiations via two webinars. Please visit our Learning Center for the webinar recordings and presentation slides.… Continue Reading
The Republic of Korea has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent). With relevant developments, we will update this post on a weekly basis. Additional jurisdictions we are tracking include: EU, Japan, UK and US.… Continue Reading
On February 25, 2022, the Department of Commerce Bureau of Industry and Security (“BIS”) unveiled extensive new export control regulations on Russia and Russian-aligned regions of Ukraine as part of the Biden Administration’s economic sanctions package in response to the Russia-Ukraine conflict. This alert is the second installment of the Biden Administration’s response to the … Continue Reading
Additional U.S. Sanctions on Russian Financial Institutions, State-Owned and Private Entities, and Russian Individuals Deemed Close to Putin (February 24) On February 24, the United States responded to the Russian-Ukraine conflict by blocking certain Russian financial institutions and individuals, and imposing varying degrees of sanctions prohibitions on other listed Russian banks and entities, including their … Continue Reading
On April 15, 2021, the US announced a marked expansion of sanctions against Russia and President Biden issued a new Executive Order authorizing the imposition of yet more sanctions. The sanctions include restrictions on certain transactions involving Russian sovereign debt, as well as the designation of 46 individuals and entities implicated in Russia’s annexation of Crimea, foreign … Continue Reading
This post is being published for The Trade Practitioner as part of a content partnership with our Global Supply Chain Law Blog. The impact of the COVID-19 pandemic on the global economy needs not restating. The saying “desperate times call for desperate measures” fits the current environment well. Governments throughout the world have instituted or are considering … Continue Reading
On August 14, 2019, the UK government introduced a new control on the export of submersible vessels and related equipment, software and technology to Russia. The new control has been introduced due to Russia’s development of capabilities enabling it to track, access and disrupt undersea communication cables. The UK government considers these developments as a risk to national security. Assessment of … Continue Reading
Russian Counter-sanctions: Bill Introduced to Criminalize Dissemination of Information That May Result in Introduction or Expansion of Sanctions Against Russian Persons Following our recent webinar, our Moscow Team prepared an analysis of a draft Russian legislation that would prohibit media communications that reveal non-compliance with sanctions or facilitate imposition of sanctions and would also impose criminal … Continue Reading
President Trump has signed into law the countering America’s Adversaries Through Sanctions Act, expanding US sanctions targeting Iran, Russia, North Korea and Syria.… Continue Reading
In February 2015, the UK Divisional Court referred questions to the ECJ for a preliminary ruling in the course of Rosneft’s judicial review proceedings challenging UK legislation that gives effect to EU sanctions against Russia. The questions referred concerned the interpretation and validity of Council Decision 2014/512/CFSP and Council Regulation (EU) 833/2014. In response to … Continue Reading
Russian Prime Minister Dmitry Medvedev has announced that Russia is set to remove on a gradual basis its economic sanctions against Turkey. The sanctions are to be lifted “gradually” to prevent any harm against Russian producers. Russia’s sanctions on Turkey restrict the import of certain Turkish goods, including fruit and vegetables, and tourism to Turkey.… Continue Reading
The Council extended the restrictive measures in response to the illegal annexation of Crimea and Sevastopol by Russia until 23 June 2017. The sanctions measure target imports of products from Crimea or Sevastopol, investing in or providing tourism services in Crimea or Sevastopol, exporting certain goods and technologies to Crimean companies, or providing technical assistance … Continue Reading
The EU has renewed its economic sanctions against Russia for a further six months until 31 January 2017. These sanctions, which were due to expire on 31 July 2016, include restrictions on Russia’s energy industry and financial sector, as well as restrictions on dual-use exports and arms embargo. A comprehensive review of the sanctions, including … Continue Reading
