News & Analysis as of October 19, 2024

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

EU sanctions update: Guidance published on the 'No Russia Clause'

Walkers on 3/4/2024

The EU has continued to tighten economic sanctions against Russia in recent months with the introduction of the 12th sanctions package on 18 December 2023 and the 13th sanctions package on 24 February 2024. Of particular...more

EU sanctions and the no re-export to Russia requirements

A&O Shearman on 2/27/2024

Who has to comply with the Regulation? The Regulation only applies to EU person exporters who are selling, supplying, transferring, or exporting the targeted goods (including aircraft) to third-country counterparts outside of...more

Impact of the EU’s Latest Sanctions against Russia on Aircraft Owners

Vinson & Elkins LLP on 2/27/2024

On December 18, 2023, the European Union (EU) published its 12th package of sanctions targeting Russia via Regulation (EU) 2023/2878 and Regulation (EU) 2023/2875, which amend Regulation (EU) 833/2014 and Regulation (EU)...more

Remedy for Russian Aircraft Expropriation – FSIA Lawsuit

Sheppard Mullin Richter & Hampton LLP on 10/4/2023

Is it possible that the Russian government wants to compensate the aviation leasing companies for aircraft and engines that the government expropriated? Russia expropriated aircraft and engines of multiple U.S. leasing...more

Russia Sanctions Year in Review: Impact on Aviation Sector

Pillsbury - Global Trade & Sanctions Law on 2/27/2023

This post marks the third entry in our Year-in-Review series. For prior posts, click here. Many of the first measures that the United States, European Union and United Kingdom collectively took against Russia in 2022 related...more

Carbon Taxes in the Shipping Industry—Assessing Japan’s Proposal

Vinson & Elkins LLP on 6/21/2022

There are growing calls for a carbon tax on shipping emissions. Jim Loftis, Ciara Ros and Tatiana Freeman of Vinson & Elkins look at the recent proposal from Japan for a global carbon tax, assess it in the context of the...more

Key Questions About Aircraft In Russia

Vinson & Elkins LLP on 3/30/2022

Since February 24, 2022, Russia’s invasion of Ukraine has led to unimaginable human suffering, a growing refugee crisis and a rising death toll. The invasion sparked a global response as governments moved to sanction the...more

Update: European Union Agrees on Further Sanctions on Russia

Morgan Lewis on 3/2/2022

The European Union’s 25 February wave of sanctions build on, and significantly expand, its existing sanctions on Russia, imposing wide-ranging restrictions on the Russian economy—including in respect of Russia’s access to...more

UK, EU and US aviation industry sanctions

White & Case LLP on 3/1/2022

Following the events in Ukraine, various measures have been put in place by the EU, the UK and the US that are expected to have a considerable impact on the aviation and aircraft financing industry. Below we give a round-up...more

Briefing Sheet on EU Sanctions and Aviation Insurance Prohibition

Holland & Knight LLP on 2/28/2022

Regulation 2022/328 was adopted by the European Union (EU) on Feb. 25, 2022, in relation to the Russia-Ukraine crisis. The Regulation took effect on Feb. 26, 2022....more

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