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...
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...
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...
Russia’s invasion of Ukraine has resulted in unprecedent judicial scrutiny of the UK’s sanctions regulations. While the judgments delivered in many cases have provided companies with needed certainty on some topics, the courts have struggled to provide clarity on the key issue of when an entity ...
Also on 14 December 2023, the UK introduced further trade restrictions on the import of Russian diamonds throughThe Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2023.The restrictions, which apply from 1 January 2024, impose new prohibitions with respect to “diamonds...
In a statementon 6 December2023, the UK Foreign, Commonwealth, and Development Office and National Crime Agency revealed that 46 new sanctions had been placed, including on businesses in Belarus, China, Serbia, Turkey, the UAE, and Uzbekistan “who continue to support Russia’s illegal invasion...
Secretary of State Anthony Blinken accused the Kremlin of harboring groups such as Trickbot, calling Russia "a safe haven for cybercriminals."In addition to Kovalev who also goes by "Bentley" online, the sanctioned individuals are Mikhail Isktritskiy, aka Tropa; Valentin Karyagin, aka Globus; ...
The UK Government also announced new sanctions on Russia on the same day the Sanctions Strategy paper was issued. The new UK sanctions include companies linked to manufacturing munitions, importers and manufacturers of machine tools, diamond companies and ...
There is little evidence to suggest that the scale and scope of UK and EU sanctions will abate in 2023. Subject to developments on the ground in Ukraine, further Russia sanctions measures appear likely. The prospect of additional Iranian sanctions also has been increased by the Iranian gove...
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...