Category: International Conflict

As a reaction to the international sanctions following the Russian invasion of Ukraine, the Russian government enacted several economic retaliatory measures that could significantly impair foreign investments in Russia or contracts concluded with Russian companies. Below, we outline the various measures currently discussed and/or already in force and provide you with information on investment protection…

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On 15 March 2022, the European Council introduced a fourth package of sanctions against Russia. The move follows an informal meeting attended by EU heads of state and government on 10-11 March. The sanctions target entities and individuals. Measures include: Bans on: Transactions with certain state-owned companies which are already subject to refinancing restrictions Providing…

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The European Council has today (08 April 2022) adopted a fifth package of sanctions against Russia, with a view to putting pressure on Russia’s economy and limiting its capacity for aggression against Ukraine. Key sanctions include: – Prohibitions on: – The purchase, import or transfer of coal and other solid fossil fuels into the EU if they…

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On 06 April 2022, the UK Government announced a new package of economic sanctions against Russia. Building on the approach previously taken, the sanctions target business elites, banks and strategic industries, including iron and steel. Additionally, the Government has announced measures to undermine the capabilities of the Russian energy sector and has committed to ending…

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On 31 March 2022, the UK Government announced 14 new Russian sanctions, targeted primarily at state-owned media organisations and Russian propagandists. Those subject to the new sanctions will have their UK assets frozen and no UK citizen or company will be able to do business with them. Individuals subject to travel bans will also be…

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The UK government has today (21 April 2022) announced 26 new sanctions, targeting Russian military leaders, and individuals and entities supporting the Russian military. The sanctions follow “intelligence which reveals intentional bombing of critical and civilian infrastructure in Mariupol”. The sanctions will be introduced under either the “standard” process or the “fast-track” process, with the…

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On the 16 June 2022, the UK announced new sanctions against Russia targeting twelve new individuals, including the Russian Children’s Rights Commissioner, the head of the Russian Orthodox Church, and several more individuals linked to the Russian military.

On the 21 July 2022, the European Council adopted a seventh sanctions package against Russia. The sanctions package intends to build on and strengthen existing economic sanctions in place and has been dubbed the “maintenance and alignment” package. The sanctions package includes: New prohibitions targeting gold and jewellery, banning the purchase, import, or transfer, be…

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Import prohibitions: On the 15 July 2022, the UK Parliament passed The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (legislation.gov.uk) which makes related consequential amendments to trade sanction measures in Part 5 (Trade) of the Russia (Sanctions) (EU Exit) Regulations 2019 (“2019 Regulations”). This amendment replaces the Russia (Sanctions) (EU Exit) (Amendment) (No.10)…

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