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Financial Services Industry Asset Freeze Russia

Pillsbury - Global Trade & Sanctions Law

EU’s 14th Package of Sanctions on Russia

On 24 June 2024, the EU adopted its 14th package of sanctions against Russia. The latest measures include: The designation of 116 additional individuals and entities across a number of industries for their responsibility in...more

McDermott Will & Emery

Quarterly Sanctions Update | Q2 2024

On June 24, 2024, the European Union adopted its 14th sanctions package (implemented by EU Regulations 2024/1745 and 2024/1739). While the focus of this package was to curb the violation and circumvention of sanctions through...more

Walkers

Cayman Islands and BVI Sanctions Update – New Licensing Grounds for Russia Related Divestments

Walkers on

New specific licensing grounds available under Cayman Islands and BVI Russia sanctions will pave the way for Cayman Islands and BVI investment funds and other entities to divest their frozen assets in Russia as well as remove...more

Dechert LLP

Multiple Governments Impose Joint Sanctions on Russia

Dechert LLP on

On the second anniversary of the start of the war in Ukraine and in response to the death of activist Aleksey Navalny in a Russian prison, the United States, European Union, and United Kingdom, along with Australia and...more

A&O Shearman

A designation challenge fails and two enforcement actions are announced: the UK’s Russia sanctions in motion

A&O Shearman on

Three decisions in recent weeks have demonstrated the breadth of the UK Government’s sanctions-related powers and underline a push by the UK to demonstrate the robustness of its sanctions and a focus on their enforcement....more

Hogan Lovells

Assets Freezing of Russian Individuals and Entities: Which protection for Italian Parties?

Hogan Lovells on

Freezing of assets is one of the most pervasive forms of sanctions against Russian individuals and entities. While much has been written with regard to the protection of the rights of people subject to sanctions, there is few...more

Goodwin

UK Sanctions Russia — What To Know About Financial Impacts

Goodwin on

The UK first announced a further package of sanctions measures targeted at Russia as a result of the invasion of Ukraine on 24 February 2022, and the government has since continued to announce new sanctions and restrictions...more

White & Case LLP

Switzerland Reinforces its Sanctions Against Russia

White & Case LLP on

On March 4, 2022, Switzerland significantly extended its sanctions against Russia, adopting various measures similar to the financial and trade restrictions recently imposed by the EU. The new sanctions add many asset...more

White & Case LLP

Switzerland’s Sanctions Related to the Situation in Ukraine

White & Case LLP on

On 28 February 2022, the Swiss Government decided to adopt the sanctions imposed by the EU on 23 and 25 February 2022. The assets of sanctioned individuals and companies are frozen with immediate effect. The financial...more

White & Case LLP

New EU sanctions with asset freezes, tightened capital market sanctions and broad trade restrictions; UK asset freezes and details...

White & Case LLP on

On 28 February 2022, the European Union ("EU") adopted its third package of sanctions against Russia, imposing asset freezes on various Russian businesspersons active in the oil, banking and finance sectors, while closing off...more

McDermott Will & Emery

European Union Imposes Additional Sanctions on Russia and Belarus

On 24 and 25 February 2022, the European Union (EU) imposed additional extensive sanctions on Russia—and new ones on Belarus—in response to the Russian invasion of Ukraine. In this On the Subject, our trade and sanctions team...more

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