The UK introduces a prohibition on maritime services for the supply or delivery of Russian origin or Russian consigned oil.
Continue Reading UK imposes oil price cap ban for maritime transport and services
EU reverses controversial transfer restrictions on Russian coal and other goods
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
EU clarifies transfer restrictions on Russian coal in new FAQs
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
A review of the latest UK sanctions against Russia and how they align with the EU’s measures
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
The EU’s sixth package of sanctions against Russia has been formally adopted: what do you need to know?
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:
- Oil import restrictions;
- Oil transport services and insurance;
- Financial and business services measures;
- Broadcasting suspension;
- Export restrictions; and
- The further individuals and entities listed.
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What will be the impact of the EU and UK ban on Russian oil and insurance?
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