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
OFSI’s Annual Review Highlights Effect of Sanctions on Russia
On 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
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Wined and Fined: OFSI Imposes Financial Penalty on UK Company for Publicising Sanctioned Crimean Winery
Co-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 Winery
UK Law Enforcement Identify Common Sanctions Evasion Tactics and Use of UK-Based ‘Enablers’
On 12 July 2022, the UK’s Office of Financial Sanctions Implementation (OFSI) and various other UK government agencies issued a red alert, in conjunction
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REPO Task Force: The First 100 Days
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.
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Update: UK Bans Exports of UK Professional Services to Russia and Includes Evraz plc on the UK Sanctions List
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
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‘An unusual case in all sorts of ways’ – English High Court Considers Administration Application for Russian VTB Bank’s London Arm
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
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UK Russian Sanctions – Updated Guidance on Ownership and Control
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
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UK Russian Sanctions and Economic Crime Update – A More Forceful Approach
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
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