The Council of the European Union (Council) has updated its EU Best Practices for the Effective Implementation of Restrictive Measures. Published on 3 July 2024, the new version clarifies the threshold for the ownership test...more
On 24 June 2024, the European Union (EU) adopted its 14th sanctions package directed against Russia, imposing an asset freeze against an additional 116 individuals and entities and expanding sectoral sanctions targeting key...more
7/26/2024
/ Asset Freeze ,
Compensation ,
Compliance ,
Corporate Counsel ,
Economic Sanctions ,
Energy Sector ,
Enforcement ,
EU ,
Exit Transactions ,
Export Controls ,
Federal Bans ,
Financial Institutions ,
Intellectual Property Protection ,
Investment ,
Liability ,
Liquid Natural Gas ,
Risk Assessment ,
Russia ,
Trade Policy ,
Trade Secrets ,
Voluntary Disclosure
On 23 February 2024, the European Union (EU) adopted a 13th package of sanctions against Russia, imposing asset freezes on additional individuals and entities, expanding existing sectoral sanctions and further limiting...more
3/11/2024
/ Asset Freeze ,
Blocking Sanctions ,
Economic Sanctions ,
EU ,
Export Controls ,
Financial Institutions ,
Financial Transactions ,
New Guidance ,
Russia ,
Technology Sector ,
Trade Restrictions ,
Ukraine
On 18 December 2023, the European Union adopted a 12th package of sanctions against Russia. The sanctions impose an asset freeze on more than 140 individuals and entities pursuant to Council Regulation (EU) 269/2014...more
1/9/2024
/ Asset Freeze ,
Economic Sanctions ,
Energy Sector ,
EU ,
Export Controls ,
Imports ,
Oil & Gas ,
Popular ,
Regulatory Agenda ,
Reporting Requirements ,
Russia ,
SDN List ,
Trade Restrictions
The new sanctions focus particularly on preventing the circumvention of EU sanctions rules through the jurisdictions of third countries. The EU has published lists of dual-use goods and advanced technology items (so-called...more
In recent months, the European Union and United Kingdom have adopted additional measures targeting key elements of the Russian economy in response to the invasion of Ukraine. Specifically, the EU and UK continue to expand the...more
8/5/2022
/ Asset Freeze ,
Economic Sanctions ,
EU ,
European Commission ,
Export Controls ,
Exports ,
Foreign Policy ,
Foreign Relations ,
Oil & Gas ,
Popular ,
Russia ,
UK
Since the publication of our 9 March 2022 client alert, the US, UK and EU and other allied nations have imposed additional sanctions and export controls on key elements of the Russian economy. This client alert summarizes the...more
3/25/2022
/ Asset Freeze ,
Belarus ,
Blocking Sanctions ,
Economic Sanctions ,
EU ,
European Commission ,
Export Controls ,
Russia ,
Tariffs ,
UK ,
Ukraine