Kharon’s Post

This is an interesting development in EU sanctions to watch closely, especially as more information is being released related to China as the primary source of diversion risks for Russia. #sanctions #sanctionscompliance #china #eu #exportcontrols #tradecompliance

🆕Stay updated on UK sanctions with our latest quarterly briefing. Read about the UK Government's most recent sanctions opposing Iran's transnational repression, countering efforts to undermine democracy in China, the Israel-Gaza conflict, and more ⬇️ https://lnkd.in/euFVFMy4

14th sanctions package against Russia adopted (EU Commission) On June 24, the EU adopted a 14th sanctions package against Russia, which contains further economic and individual restrictive measures. These measures are intended to further weaken Russia's economy and make it more difficult to circumvent the sanctions.

On 24 June 2024, the Council of the European Union adopted a new package of economic sanctions against Russia. Separately, on 30 June 2024 the EU passed a broad new set of sanctions relating to Belarus, including various measures intended to bring the EU-Belarus sanctions more closely in line with similar Russia-related measures. This alert looks at the details: https://okt.to/khEzwQ

The latest package of sanctions announced by the European Union will require EU-based companies to add a contractual clause preventing the re-export of aviation equipment and related services to Russia. Article 12g, or the “no re-export to Russia” clause, within the European Union’s latest package of sanctions against Russia released in March, aims to prevent the forward sale, transfer and export of goods and services from a third-country counterparty to Russian entities. “The new clause effectively aims to target any potential backdoors or loopholes around current EU sanctions”, explains Bird & Bird legal director Hannah Moran-Ellis. Read Molly Russell's latest Insights report here ➜ https://bit.ly/3vIEI2V #aviationfinance #eu #lessors #russia #sanctions

🇪🇺📜 The EU's 14th sanctions package against Russia targets 69 individuals and 47 entities for undermining Ukraine's sovereignty. This includes businesspersons, propagandists, and companies evading sanctions. Notable targets: Volga Dnepr Group, Sovcomflot, and those involved in deporting Ukrainian children. Measures include asset freezes, funding prohibitions, and travel bans. Customs Manager Ltd can help businesses stay compliant with these evolving regulations. 💼🔍🌍 https://lnkd.in/eUCFensV

A ceasefire between Russia and #Ukraine in 2024 is unlikely, compelling Western governments to expand #sanctions to further constrain Russia's war funding. The EU approved its 13th sanctions package against #Russia this week. Some members, such as #Lithuania, urged #Brussels to target sectors rather than individuals in its 14th package. Multinational companies will face increasing exposure to sanctions throughout 2024, including secondary sanctions and in countries like #India and #China. Rising exposure to sanctions will increase due diligence costs for businesses.

Discover the Royal United Services Institute's analysis of the European Union's strategic communication efforts to support sanctions against Russia. The report highlights the EU's international coordination to ensure the effectiveness of sanctions. Read the full report here: https://lnkd.in/eZ6sYcUu

Is a rise in exports of luxury vehicles to former Soviet states a result of Russian sanctions? Anna Bradshaw spoke to Sky News this week about whether British carmakers are getting around sanctions on Russia. Anna suggests that the industry should be more aware of what red flags could leave to circumvention of sanctions. Read more: https://lnkd.in/ebpn6bVh #sanctions #sanctionscompliance #russiaukrainewar #internationaltrade