The Public Ledger of Corruption
Russia’s decision on 21 February 2022 to recognise the Donetsk and Luhansk regions of eastern Ukraine (the Covered Regions) as independent states, has prompted the US, UK, and, potentially, the EU to respond with the imposition of a first tranche of financial and trade sanctions. In this post, we consider the measures that have been…
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The US, UK and EU have threatened to impose a range of measures to deter Russian activities in or against Ukraine. The scope and severity of such measures will likely give rise to serious compliance challenges for companies with Russian counterparties or who do business in Russia. In this post, we consider the types of…
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On 10 March 2022, the UK Foreign Secretary, Liz Truss, announced sanctions against seven Russian Oligarchs, including Chelsea Football Club owner, Roman Abramovich. Under the terms of the sanctions, the oligarchs will have their assets in the UK frozen, be banned from travelling to the UK and no UK citizen or company may do business…
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https://www.clydeco.com/en/insights/2022/2/singapore-ministry-of-foreign-affairs-announces-sa
The UK has implemented new sanctions restricting entry into British ports and enabling the detention of certain Russian linked vessels. The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2022, which amend the Russia (Sanctions) (EU Exit) Regulations 2019 (the Regulations) prevent certain vessels from entering British ports as well as authorising the Secretary of State…
The US, EU, UK, Canada and Australia have continued to enact additional sanctions packages in response to Russia’s invasion of Ukraine. In this post, we outline some of the measures imposed since our last update. Our previous updates on sanctions imposed on Russia in relation to its activities in Ukraine can be found here, here, here, here and here….
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The world is seeing rapid changes to sanctions laws in response to Russia’s invasion of Ukraine. Australia is moving in lockstep with other countries imposing targeted financial sanctions and travel bans on Russian business and key individuals involved. This update summarises the Australian sanctions announced in response to the Russian invasion of Ukraine. It is…
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The US and EU, and others, have indicated that they intend to “remove certain Russian banks from the SWIFT messaging system”. But what is SWIFT and how might the US and EU seek to flip the SWIFT switch, turning off Russian access to it? What is SWIFT? SWIFT (formerly the Society for Worldwide Interbank Financial…