The EU has today published new legislation expanding its existing sanctions against Russia. This briefing provides an overview of the new measures, namely: an expansion of the restrictions on dealing in transferable securities issued by listed Russian banks; the application of these restrictions to listed Russian companies in the military and oil sectors; additional trade […]
Read MoreCoordinated sectoral sanctions on Russia and Russian persons.
Mirroring the escalation of tensions in and around Ukraine, the EU, US, Canada and other countries have broadened economic sanctions targeting Russia and certain Russian and Ukrainian persons very significantly. In recent days the EU and each of the other countries adopted separate but coordinated packages of further sanctions. Taken together these measures, and particularly […]
Read MoreEU sectoral sanctions on Russia.
On 31 July the EU Council agreed to impose the additional sanctions measures which are summarized below, and which will come into force on 1 August 2014 pursuant to an EU Regulation issued on 31 July: With a view to restricting Russia’s access to EU capital markets, EU nationals and companies may no longer buy […]
Read MoreUKRAINE SANCTIONS – EU EXPANDS ASSET FREEZING MEASURES
On 12 May 2014, the EU announced that it was further expanding the sanctions imposed in connection with the situation in Ukraine in light of a perceived continuation of efforts to destabilise eastern and southern Ukraine. Also at this time for the first time the EU has imposed sanctions on entities in connection with the […]
Read MoreVietnam to execute corrupt bankers – When a firing squad gives you lemons, you can’t make lemonade!!!
The recent decision by Vietnam to execute corrupt bankers has garnered world-wide attention. Rather surprisingly, however, the case has an interesting intersection with export law issues. As has been reported, the bankers will be subject to rather gruesome execution by firing squad. Vietnam’s traditional means of execution involves binding perpetrators to a wooden post, stuffing […]
Read MoreUKRAINE – EU IMPOSES ASSET FREEZE ON MEMBERS OF FORMER GOVERNMENT AND ISSUES A STATEMENT IN RELATION TO RUSSIA;US INTRODUCES EXECUTIVE ORDER PERMITTING THE BLOCKING OF ASSETS
The EU and US have both recently taken steps to respond to recent events in Ukraine. On 5 March 2014, the EU introduced an asset freeze applying to former President Yanukovych and other former government officials and persons associated with the former government. The UK has introduced domestic legislation criminalising breaches of this asset […]
Read MoreInterim agreement reached on Iranian nuclear programme and limited sanctions relief
An interim agreement to provide limited sanctions relief to Iran has been reached (24 November 2013) with the US, France, Russia, China, UK and Germany. During a six month period, in return for Iran taking several steps to limit the progress of its nuclear programme, certain US and EU economic sanctions on Iran will be […]
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