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The UK introduced further sanctions against Russia on 4 November 2022, via the Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022 (the "No. 16 Regulations"). These introduce further amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (the "Russia Regulations"). The amendments introduced by the No. 16 Regulations will come into force on 5 December 2022 (although, as set out below, certain specific measures will not take effect until February 2023) and introduce further measures relating to Russian oil, as discussed further in this briefing. Read more
New UK Russia sanctions legislation was published on 28 October: the Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022 (the "No. 15 Regulations"). These amend the UK's principal Russia sanctions legislation: the Russia (Sanctions) (EU Exit) Regulations 2019 (the "Russia Regulations"). This briefing summarises the key amendments to the Russia Regulations, the majority of which came into force on 29 October. Read more
On 6 October, the EU agreed its eighth Russia sanctions package (initial details of which were set out in our previous blogpost). The Commission and the Council have both issued press releases in connection with the new measures and the Commission has also published a Q&A on the new measures. Read more
On 30 September, Foreign Secretary James Cleverly announced the imposition of a round of new UK sanctions against Russia. Full details of the new measures had not been published at the time of writing, but we set out a summary of the new restrictions and will of course provide a further update when more information is available. Read more
Earlier this month, the G7 announced a plan to impose a cap on the price importers pay for Russian oil (see our previous blogpost for further detail). On 28 September, President von der Leyen made a statement regarding the EU's intended implementation of this plan, as part of an eighth sanctions package in response to the escalation of the situation in Ukraine. Read more
As readers of this blog are aware, in our regular 'sanctions tracker' we focus on updating clients on new sanctions developments. Nearly six months on from Russia's invasion of Ukraine, there is also a developing body of experience regarding the practical impact of the sanctions measures in a number of different fields. Read more
This update contains a round-up of recent EU and UK Russia sanctions developments. In particular, we look at a raft of new UK sanctions legislation, as well as other developments in both jurisdictions. Read more
In this blog post, we round-up key forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected to happen in July and August2022. Read more
This briefing summarises the new Russia sanctions measures introduced by the UK on 23 June 2022 and provides a round-up of other key UK and EU developments since our last sanctions tracker post. Read more
