The UK announced a further round of sanctions and trade measures on 24 February 2023 to coincide with the first anniversary of Russia’s invasion of
Continue Reading New UK Sanctions Package Would Target Russia’s Arms Exports, Front-Line Resources
Legal Advisers for a Changing World
The UK announced a further round of sanctions and trade measures on 24 February 2023 to coincide with the first anniversary of Russia’s invasion of…
Continue Reading New UK Sanctions Package Would Target Russia’s Arms Exports, Front-Line ResourcesOn 10 November, the UK’s Office of Financial Sanctions Implementation (OFSI) published its annual review for the period April 2021 to August 2022, with a…
Continue Reading OFSI’s Annual Review Highlights Effect of Sanctions on RussiaCo-authored by London Associate Tina Kang.
The UK Office of Financial Sanctions Implementation (OFSI) announced on 27 September that it imposed a £30,000 penalty on…
Continue Reading Wined and Fined: OFSI Imposes Financial Penalty on UK Company for Publicising Sanctioned Crimean WineryOn 12 July 2022, the UK’s Office of Financial Sanctions Implementation (OFSI) and various other UK government agencies issued a red alert, in conjunction…
Continue Reading UK Law Enforcement Identify Common Sanctions Evasion Tactics and Use of UK-Based ‘Enablers’
On June 29, the Russian Elites, Proxies, and Oligarchs (REPO) Task Force published a statement on its work in blocking or freezing sanctioned Russian assets.
Continue Reading REPO Task Force: The First 100 Days
On 4 May 2022, the UK government announced[1] a ban on UK persons or entities exporting certain professional services to Russia, prohibiting Russian businesses…
Continue Reading Update: UK Bans Exports of UK Professional Services to Russia and Includes Evraz plc on the UK Sanctions List
In a hearing yesterday, 6 April 2022, the High Court considered an application of the directors of VTB Capital PLC (VTB UK) for the appointment …
Continue Reading ‘An unusual case in all sorts of ways’ – English High Court Considers Administration Application for Russian VTB Bank’s London Arm
The UK Office of Financial Sanctions Implementation (OFSI) has updated its guidance on ownership and control. If a person or entity is on the UK…
Continue Reading UK Russian Sanctions – Updated Guidance on Ownership and Control
As anticipated, the Economic Crime Bill was passed and became the Economic Crime (Transparency and Enforcement) Act 2022 on 14 March 2022. Overseas entities, their…
Continue Reading UK Russian Sanctions and Economic Crime Update – A More Forceful Approach