Sanctions tracker – EU update on Russian oil price cap and eighth sanctions package

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 … Read more

Sanctions tracker – update on newly published UK trade sanctions against Russia

As trailed in our previous briefing, the UK has today (14 April) published the Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022 (the “Amending Regulations”), amending the UK’s principal Russia sanctions legislation: the Russia (Sanctions) (EU Exit) Regulations 2019 (the “Russia Regulations”). The Amending Regulations contain various provisions expanding upon the UK’s existing trade sanctions relating to … Read more

Sanctions tracker – latest developments in UK and EU sanctions against Russia

Our latest briefing summarises further UK and EU sanctions developments in response to the conflict in Ukraine. UK New designations On 13 April, the UK’s Office of Financial Sanctions Implementation (“OFSI”) published details of 206 additional individuals added to the UK’s Russia-related asset freezing list. According to the Foreign Commonwealth & Development Office’s press release, these comprise 178 … Read more

Sanctions Tracker Summary – Global Sanctions Responses to the Crisis in Ukraine

Updates from March 19, 2022 through April 12, 2022 Within a brief period, the international sanctions environment applicable to trade with Russia has been fundamentally transformed.  We have published a number of recent updates regarding sanctions measures that have been proposed and enacted in several jurisdictions as a response to the crisis in Ukraine.  These … Read more