OFAC Issues General License Covering Non-Regime-Held Portions of Syria

On May 12, 2022, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury issued Syria General License (“GL”) 22, authorizing specific economic activities in certain non-regime-held areas of northeast and northwest Syria. The new authorization is intended to support the Biden Administration’s strategy to promote economic stabilization in areas liberated … Read more

Sanctions tracker – EU announces sixth package of Russia sanctions

The Russia sanctions position continues to be subject to rapid change. Our latest update summarises the newly announced sixth package of EU sanctions in response to the ongoing conflict with further updates to follow once more details on these measures are published. On 4 May the President of the European Commission announced proposals for a sixth package … Read more

Sanctions tracker: New UK sanctions legislation and round-up of other recent developments

Our latest update on the sanctions response to the conflict in Ukraine summarises the new internet-related restrictions introduced by the UK, and provides a round-up of certain other recent UK and EU developments. UK UK – new sanctions legislation The Russia (Sanctions) (EU Exit) (Amendment) (No. 9) Regulations 2022 (the “Amending Regulations”) were published on 27 April, … Read more

Sanctions Tracker – Further U.S. Responses to the Conflict in Ukraine

We previously discussed Russia-related sanctions measures imposed by the United States on April 11, April 7, March 25, March 15, March 14, March 9, March 8, March 3, February 28, February 25, February 23, and February 4.  We also discussed recent sanctions measures related to the Russian energy sector in a podcast episode. This post provides an update regarding further Russia-related sanctions measures in the United … 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 – latest UK and EU sanctions developments

This briefing summarises the latest UK and EU sanctions developments in response to the conflict in Ukraine. UK Publication of new sanctions legislation On 30 March, the Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022 (the “Amending Regulations”) were published, amending the UK’s principal Russia sanctions legislation: the Russia (Sanctions) (EU Exit) Regulations 2019 (the “Russia … Read more