On June 13, the UK declared its first specific sanctions against the tankers in the shadow fleet, moving Russia’s oil as part of a broader effort in association with the G7 nations at the beginning of the summit in Italy. The most recent sweeping effort that the UK mentioned in...
In August 2024, £58,426.45 was paid relating to the export of goods in breach of The Russia (Sanctions) (EU Exit) Regulations 2019. Since February 2022, HMRC has issued six compound settlements against UK companies that have breached the Russia sanctions regulations for a total of £1,3...
Further to our News Alert of 2 March outlining the latest Russia sanctions (clickhere), the UK has now issued new sanctions that includes a ban on Russian ships from UK ports. The UK government press release is availablehere. The Russia (Sanctions) (EU Exit) (Amendment) (...
Following the UK Prime Minister’s announcements to the House of Commons on 22 February 2022 and 24 February 2022, the UK has announced a tranche of sanctions on Russia. Details of all measures are available on the Foreign, Commonwealth & Development Office website. ...
Sanctions 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...
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...
The UK, the US, European Union, Switzerland – in an historic breach with its neutrality – and other select countries have imposed sanctions on Russia. Other nations, however, such as India, parts of the Middle East, Africa and Latin America, have either not imposed sanctions or been circum...
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...
UK Slaps Sanctions on 10 More Vessels From Russia's 'Shadow Fleet' More LONDON (Reuters) -Britain has slapped sanctions on 10 further ships in Russia's so-called "shadow fleet" of vessels which it says use illicit practices to avoid Western restrictions on Russian oil. Russia rejects We...
The UK has imposed sanctions on Vladimir Potanin, one of Russia’s richest oligarchs, along with several other individuals close to President Vladimir Putin’s inner circle. The Foreign, Commonwealth and Development Officeannouncedon Wednesday that Potanin, owner of the Interros conglomerate and with...