Category: Sanctions News

79 entries have been amended on the consolidated list and remain subject to an asset freeze. On 18 March 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. The following provides details of those designated under regulations made under the Sanctions Act. Amendments have been made to entries under the following financial sanctions regimes: Belarus; Chemical Weapons; Cyber, Russia and Zimbabwe. The relevant notices can be found on the respective regime pages. Further, 2 duplicate entries have also been removed from the Russia financial…

The UK Government has today (11 March 2022) announced sanctions against 386 members of the Russian parliament who voted to recognise two rebel-held regions in Eastern Ukraine Luhansk and Donetsk, as independent. The announcement means that 400 of the 450 members of Russia’s Duma, are now subject to British sanctions. The sanctions include asset freezes, UK travel bans and a prohibition on conducting business in the UK. UK Foreign Secretary, Liz Truss, explained that the sanctions were intended to target…

On 8 March 2022, the UK introduced new sanctions preventing Russian companies in the aviation and/or space industries from accessing the UK insurance and reinsurance market directly or indirectly. Initially announced on 3 March 2022, the measures seek to “further tighten the growing economic pressure on Russia” and to ensure that the UK is “in line with sanctions imposed by [its] allies.” The New Aviation Insurance Restrictions The new reg 29A of the Russia (Sanctions) (EU Exit) Regulations 2019 prohibits…

Feb 26, 2022. (3:31 a.m. CET) SWIFT Preparing to Comply With Russian Measures  “We are engaging with European authorities to understand the details of the entities that will be subject to the new measures,” the organization said in an email. “We are preparing to comply upon legal instruction.” Feb 26, 2022. (2:12 a.m. CET) Elon Musk Activates Starlink Satellites for Ukraine  Feb 25, 2022. (8:03 p.m. CET) Abramovich Hands Over ‘Stewardship’ of Chelsea  Russian billionaire Roman Abramovich said he would hand…

A number of states and international actors have unveiled further sanctions measures on Russia in relation to its activities in or in relation to Ukraine. In a previous post, we outlined the initial measures imposed by the US and UK on Russia in relation to its recognition of Donetsk and Luhansk. We consider below the further actions taken by the US, EU, UK, and Australia in this regard. US On 22 February 2022, the US issued the following additional sanctions…

On 16 March 2021 the UK published its Integrated Review of Security, Defence, Development and Foreign Policy titled “Global Britain in a competitive age”, which sets out the UK government’s overarching national security and international policy objectives through to 2025. The Review contains a number of references to the UK’s post Brexit sanctions regime and places the UK’s autonomous sanctions policy at the centre of Britain’s overall security structure.  Building on the so called “Magnitsky-style” human rights sanctions regime that…