Trade law and supply chain news, insights, and commentary
New UK Sanctions: The UK announced a new tranche of restrictions on June 22, 2022, which became effective on Thursday, June 23, 2022. As summarized on the UK government’s website, the latest prohibitions include the following:
Export Restrictions
Prohibitions on the export, supply and delivery, making available and transfer (as well as related technical…
Russia Sanctions: The U.S. today designated two key supporters of an extremist group called the Russian Imperial Movement (“RIM”) under the Specially Designated Global Terrorist program. OFAC explained that “RIM and its supporters continue to exacerbate Russia’s war of aggression in Ukraine through their fundraising efforts.”
The UK designated 12 individuals and entities under…
Russia Sanctions: The EU and UK each made several amendments regarding previously-designated individuals and entities. The amendments included corrections to names and dates of birth.
General Licenses: The U.S. made two announcements related to general licenses (“GLs”). The U.S. announced that it will not renew GL 9C. The specific provisions that expired are:…
Russia Sanctions: Since the Russian invasion of Ukraine on February 24, the U.S. has continued to expand the scope of restrictions imposed against Russia’s largest banks, expanded sanctions on several individual Russian oligarchs and politicians with influence and connections to President Putin, and imposed expansive restrictions on exports of U.S. goods and technology. Numerous…
