In order to help mitigate food and energy insecurity, the EU published new FAQs on September 19, 2022. These FAQs reversed the recent restrictions that prohibited the transfer of coal, fertilizer, and other essential goods originating from Russia to third countries. Through this reversal, the EU has confirmed that the transfer of certain goods, such
In their latest FAQs, the EU clarifies that the ban placed on coal products exported from Russia includes a prohibition on products destined for non-EU members. Until this point, it was widely interpreted that the purchase, import, or transfer of Russian-origin coal was restricted only for purchases destined for EU member states.
Taking into account
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
Governments around the world have imposed an unprecedented range of sanctions on Russia, as a result of its prolonged invasion of Ukraine. As each time a new sanctions package is released, companies are scrambling to view, receive advice on and modify their practices to ensure compliance.
On 2 June 2022, an updated FAQ on the
The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) announced on June 8, 2022, that it is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 to implement aspects of a policy announced by President Biden’s administration which intends to “increase support for the Cuban people.”
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The EU has now formally adopted its long-awaited sixth package of sanctions against Russia. In our latest client alert, we outline the key points that you need to know, including:
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The European Union (EU) agreed the sixth package of sanctions against Russia on 31 May 2022. The sixth package includes an embargo on Russian oil and a ban on insuring ships carrying Russian oil. At this stage, the specifics of the sanctions are still being debated, but they are expected to be released later this
Singapore’s Foreign Minister, Vivian Balakrishnan, announced that Singapore would impose unilateral sanctions on Russia for its invasion of Ukraine.
Continue Reading Russian sanctions on exports and financial measures launched by Singapore
On 5 March 2022, Singapore’s Foreign Minister, Vivian Balakrishnan, announced that Singapore would impose unilateral sanctions on Russia for its invasion of Ukraine, which is the first time since 1978 that Singapore has imposed such sanctions.
Continue Reading Update: Russian sanctions on exports and financial measures announced by Singapore