Russia Sanctions: The UK designated 63 individuals this week, including several war correspondents embedded with Russian forces in Ukraine that work at Channel One, a major state-owned media outlet in Russia. The UK also designated one entity, Evraz PLC, a UK-incorporated holding company of a multinational steel manufacturing and mining company group. Additionally, the
U.K. Trade Policy
Sanctions/Export Highlights [As of March 31, 2022]
Russia Sanctions: As the war enters its fifth week, the U.S. and UK continue to expand the restrictions and add to the list of designated individuals and entities. Relative to sanctions and other prohibitions previously announced, there were few developments over the past week, but additional targeted sanctions may be forthcoming should the Russian…
Update: Four-Month Suspension of Tariffs in Large Civilian Aircraft Dispute
On March 9, 2021, the European Union released the Implementing Regulation suspending retaliatory tariffs resulting from the large civilian aircraft dispute. This Regulation implements the EU-US agreement to suspend retaliatory tariffs imposed by Regulation 2020/1646. The announcement comes after the U.S. and UK released a joint statement last week outlining a four-month suspension of…
U.S. and UK Announce Four-Month Suspension of Tariffs in Large Civilian Aircraft Dispute
By John Brew, Frances P. Hadfield & Edward Goetz on
On March 4, 2021, the United States and the United Kingdom released a joint statement announcing a four-month suspension of tariffs related to the ongoing large civilian aircraft dispute. The dispute, which has spanned 16 years, and resulted in billion of dollars in tariff actions from both sides of the Atlantic is entering a period…
UK and Canada Announce New Measures to Combat Forced Labor and Human Rights Violations
On January 12, 2021, the United Kingdom’s Foreign Secretary, as well as Canada’s Minister of Foreign Affairs and Minister of Small Business, Export Promotion, and International Trade, made parallel announcements outlining new measures to combat forced labor and human rights violations. The announcements come in the context of rising global concerns over reports of forced…
Profiteering in the U.K. and the Pandemic: Navigating Fluctuating Markets and Erratic Supply Chains
By Nicola Phillips, Robert Weekes, Laurence Winston & Lydia Taylor on
Apr.03.2020
Introduction
We are in extraordinary times.
Businesses are having to adapt, fire-fight and problem-solve like never before. Markets are fluctuating in ways that were totally unforeseeable six months ago and sometimes only days ago. Most companies are now operating in an entirely new world of demand behaviours, supply chain constraints and pricing practices.
This…