Sanctions tracker: UK introduces new Russia lending and trade restrictions

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 … Read more

Sanctions tracker – new UK sanctions on provision of services to Russia

On 30 September, Foreign Secretary James Cleverly announced the imposition of a round of new UK sanctions against Russia. These restrictions are not yet in force. Full details of the new measures had not been published at the time of writing, but we set out below a summary of the new restrictions as announced and will of … Read more

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