Herbert Smith Freehills has published the latest edition of its Sanctions Update e-bulletin on recent developments in various international sanctions regimes. At EU level these are relatively limited:
- The EU has announced additional sanctions in respect of the situation in Syria, extending the designated persons list and announcing an imminent restriction on the export of jet fuel to Syria;
- Minor amendments have also been made to the EU sanctions against Libya and Somalia; and
- The EU has published two new sets of conclusions on the situation in Ukraine, but these do not discuss possible changes to the sanctions regime.
In the UK, a new Overseas Territories Order extends the current EU sanctions relating to Russia/Ukraine to the British Overseas Territories including the Cayman and British Virgin Islands. Updated guidance on the Russia trade sanctions has been issued by the Export Control Organisation.
To read the full briefing, please click here.
For further information, please contact Rod Fletcher, Partner, Susannah Cogman, Partner, Daniel Hudson, Partner, Elizabeth Head, Associate, or your usual Herbert Smith Freehills contact.