These Regulations add new financial sanctions to Part 3 (Finance) of the 2019 Regulations. The amendments insert restrictions regarding investments (and services directly related to those investments) in respect of land located in Russia, persons connected with Russia, relevant entities, joint ventures...
making the UK the first G7 nation to impose direct sanctions on it. The group, along with other Russian-linked mercenaries, has been implicated in destabilising regions like Libya, Mali, and the Central African Republic. By disrupting these operations, the UK intends to counter Russia'...
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) ...
The UK government has introduced further sanctions targeting Russia, amending measures targeting the aviation sector in particular and extending previous restrictions on Crimea.The Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022 came into force on 30 March. Changes in this ...
Statutory Guidance on the sanctions are providedhere. It seems that a person/entity “connected with Russia” is defined as: • an individual who is, or an association or combination of individuals who are, ordinarily resident in Russia, ...
Dozens of new sanctions have been placed on people and entities linked to Russia, including companies in China, Turkey and central Asia supplying parts for military equipment used in Ukraine.
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 involved abo...
Those sanctions didn’t freeze Alrosa’s assets or completely bar U.S. companies from doing business with Alrosa, but they did make it complicated.The U.S. tightened the noose on March 11, banning the import of rough diamonds from Russia as well as finished diamonds cut and polished in ...
"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 ...
Central banks have 'blunt tool kit' against Ukraine-Russia escalation, JPMorgan says He added, "This the first tranche, the first barrage of what we are prepared to do and we hold further sanctions at readiness to be deployed alongside the United States and the European Union if the situ...