HM Revenue and Customs (HMRC) has issued a compound settlement offer to a UK exporter regarding the export of goods in breach of The Russia (Sanctions) (EU Exit) Regulations 2019. In August 2024, £58,426.45 was paid relating to the export of goods in breach of The Russia (Sanctions) ...
On 21 June 2022 the UK government imposed further trade restrictions against Russia under The Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022 which amend The Russia (Sanctions) (EU Exit) Regulations 2019) (“the Regulations”). A copy of the consolidated Regulations can be...
Sanctions on Russia have been updated again, warns Nicolas Groffman and Dan De Saulles. Their latest article looks at the import and export restrictions for UK
The Russian sanctions regime and its interpretation in the context of UK litigation, where the claimant is a designated person under the sanctions regime of the Sanctions and Anti-Money Laundering Act 2018 (‘SAMLA’) and the Russia (Sanctions) (EU Exit) Regulations 2019 (‘RSR’), was th...
On 21 June 2022 the UK government imposed further trade restrictions against Russia underThe Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022which amend The Russia (Sanctions) (EU Exit) Regulations 2019 (“the Regulations”). A copy of the consolidated Regulations can be fou...
As most relevant to sanctions practitioners, the case revolves around the "ownership and control" test under The Russia (Sanctions) (EU Exit) Regulations 2019 (Russia Regulations). In a nutshell the Court found that the President of the Russian Federation – Vladimir Putin...
On 3 November 2022, the UK implemented the Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022, which amended the Russia (Sanctions) (EU Exit) Regulations 2019 further by, amongst others, introducing a prohibition on maritime services for the supply or delivery ...
The UK government has set up a new unit to tighten enforcement of sanctions against Russia so that illicit funds aren’t used to support military operations against Ukraine. Nusrat Ghani, the industry and economic security minister, yesterday unveiled the Office of Trade Sanctions Implementation, or...
On 7 November 2024, the UK unveiled its largest sanctions package against Russia since mid-2023, aiming to weaken Russia's military and curtail Russian-backed mercenary operations worldwide. With 56 new designations, the sanctions directly impact Russian supply chains essential for military...
"today’s sanctions further undermine russia’s ability to trade in oil via its shadow fleet," british foreign minister david lammy said in a statement on wednesday. the foreign ministry said the action taken brought the total number of ‘shadow fleet’ vessels designated to 25. "previous...