In response to the on-going war in Ukraine, the UK enacted several new sanctions against Russia on July 21, 2022. These sanctions are far-reaching and will place restrictions on a variety of industries such as oil, insurance, energy, gold, and coal, as well as to the provision of professional and business services to Russia.

While these new restrictions generally align with existing EU sanctions, there are some key differences. In their latest alert, our global trade team compares the UK’s new sanctions to those of the EU, paying particular attention to the similarities and differences in who these restrictions apply to and what wind-down periods look like for each. Read the full article at reedsmith.com.