EU publishes legislation expanding sectoral sanctions against Russia

The EU has today published new legislation expanding its existing sanctions against Russia.  This briefing provides an overview of the new measures, namely: an expansion of the restrictions on dealing in transferable securities issued by listed Russian banks; the application of these restrictions to listed Russian companies in the military and oil sectors; additional trade … Read more

Sanctions Update: EU and US introduce further sanctions in response to the situation in Ukraine; EU amends sanctions against Libya, Central African Republic and Syria

Herbert Smith Freehills has published its latest Sanctions Update e-bulletin, on the latest developments in sanctions regimes in Ukraine, Libya, Central African Republic and Syria. Both the EU and US have introduced limited additional sanctions in light of the current situation in Ukraine, and Australia has announced its list of Ukraine-related designated persons.  The EU has … Read more

Australia announces new sanctions against Iran

On 10 January 2013, the Australian Foreign Minister, Bob Carr, announced the Australian government’s intention to implement further autonomous sanctions against Iran. The announcement came three days after Australia was appointed chair of the UN Security Council sanctions committees. According to Australia’s Foreign Minister, the sanctions are ‘broadly aligned with those introduced by the European … Read more