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EU Imposes New Round of Sanctions on Russia Amid Escalating Ukraine Crisis 🇪🇺🇷🇺 In a crucial move, the European Union sanctions Russia significantly in response to the ongoing Ukraine conflict. The decision, preceding the invasion's second anniversary, underscores the EU's commitment to upholding international norms. The sanctions target nearly 200 entities and individuals, adding them to existing sanctions lists. Aimed at pressuring key sectors and individuals responsible for actions contributing to the conflict in Ukraine. Find more information here: https://lnkd.in/dGfkqZZJ #UkraineConflict #EU #Sanctions #Russia #GlobalDiplomacy #ExportControls

📣 Research Briefing on Sanctions Against Russia On July 17, 2024, a research briefing was published detailing the coordinated sanctions imposed by Western allies and partners against Russia in response to its invasion of Ukraine. ⏳📝 The sanctions, which began in 2014, have intensified since Russia's 2022 full-scale assault on Ukraine. The measures target Russia’s financial sector, strategic industries, and individuals close to the Putin regime, among others. As of June 26, 2024, the UK has sanctioned 1,707 individuals and 334 entities, making Russia the most sanctioned country globally. ✅ The briefing also addresses the effectiveness of these sanctions and future proposals to use profits from sanctioned Russian assets to support Ukraine. Original source 👉: https://lnkd.in/gak5hG-M #USsanctions #sanctionsupdate #sanctionscompliance #RussiaSanctions #UkraineInvasion #EUSanctions #InternationalSanctions #ResearchBriefing

Sanctions update EU High Representative / Vice-President Borrell setout his expectations for the Foreign Affairs Council taking place today and tomorrow. On sanctions, he noted that he expected that the EU would adopt sanctions targeting Russia in response to the death of Mr Navalny. In addition, he noted that he hoped that sanctions could be adopted targeting Hamas and Israeli settlers attacking Palestinians in the West Bank. #sanctions #Russia #FAC #Foreignaffairscouncil #EU

Sanctions Watch | Weekly Vol. 30 | 01 Jan – 07 Jan 2024 Powered By- https://zurl.co/yaeF Introducing the 30th edition of the Sanctions Watch weekly digest, we present significant updates on sanction watchlists and regulatory developments. Headlines: 1) China sanctions 5 US defense companies in response to US sanctions and arms sales to Taiwan 2) GENERAL LICENCE - Russian Banks – UK subsidiaries – Guernsey subsidiary – EU subsidiaries - Basic needs, routine holding and maintenance, the payment of legal fees and insolvency related payments 3) Non-EU countries align with various EU sanctions 4) Ukraine designates Russian individuals using Ukrainian documents To read more – https://zurl.co/SMvv Product Insights - https://zurl.co/MILe #USA #China #Defense #Taiwan #GeneralLicense #UK #EU #OFSI #Armssale #violate #Ukraine #Russia #Designates #Georgia #EuropeanFreeTradeAssociation #MyanmarBurma #InternationalSanctions #TradeRestrictions #FreezingAssets #Travel #Military #SanctionsViolations

UK parliamentary research briefing on sanctions against countries supporting Russia’s invasion of Ukraine The UK House of Commons Library has published a research briefing on the response of the UK, US, and EU to third countries that provide direct support for Russia’s invasion of Ukraine. The briefing notes that while sanctions have not been imposed on nations for continuing to trade with Russia, the US and allies have increasingly targeted nations and organizations allegedly assisting Russia in conducting the war in Ukraine or in evading sanctions. The Library specifically highlights Belarus, Iran, North Korea and China, and provides analysis of US, UK, and EU sanctions against them. #UKSanctions #Russia #EUCommission #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

How has the UK-EU cooperation on sanctions against Russia evolved since 2022? What are the challenges in 2024? Tom Keatinge, Director of CFCS, shared his insights with the UK House of Lords European Affairs Committee to inform its policy recommendations. https://lnkd.in/dEjqEiTe The only way forward for sanctions is building alliances, Tom highlighted. He underlined the “extremely close working co-operation” between the UK and the EU on sanctions, and the regular joint visits of UK, US, and EU sanctions envoys to third countries as key examples of coordination. Tom also discussed the findings of the #SIFMANet network, noted the increase in implementation capacity in EU Member States, and raised his concern about the state of sanctions enforcement – which has to be the buzzword of 2024. 📚 Read the report here: https://lnkd.in/gqJpSnwB 📑 To learn more about how to make sanctions work in 2024, read the latest SIFMANet Recommendations here: https://lnkd.in/gRnscaik #sanctions #sanctionscoalition #UK #EU #US #Russia

As the EU gears up for another package of sanctions targeting Russia over its invasion of Ukraine, Professor Paul James Cardwell addresses the extent to which the EU’s extensive sanctions regimes have been adopted by non-EU states. Professor Cardwell’s research on their long-term alignment with EU’s sanctions shines a light on their readiness for eventual EU membership. Read their article on the EU, sanctions and regional leadership here. ⬇ https://lnkd.in/exRNiqAN #EULaw #EuropeanUnion #sanctions #EU

The UK Ministry of Defence has published a defence intelligence update related to sanctions on Russia, noting that: according to research from the Bank of Finland Institute for Emerging Economies, third party countries are charging price premiums of over 60% for exports of certain sanctioned goods to Russia; while Russia has increased production of key munitions, the impact of sanctions is highly likely greatest on Russia’s more advanced and complex weapons systems, which almost certainly have increased reliance on foreign components; and according to the Stockholm International Peace Research Institute, Russia’s share of the global arms trade has fallen to 11% in the period 2019 to 2023 compared to 21% in the period 2014 to 2018. #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

After more than a month of negotiations, EU members have agreed on a 14th package of sanctions against Russia. The new restrictions are intended to make it harder for the Kremlin to access technology and to limit its revenues from energy exports. The new sanctions are to be approved on 24 June 2024.   The package will strengthen EU mechanisms to prevent the circumvention of sanctions, particularly for third-country subsidiaries of EU-based companies. The tightening of EU regulations will also apply to financial services.   The new restrictions will also apply to exports of dual-use goods and technologies (including to third countries) that Russia may use in the war against Ukraine.   The sanctions list will be expanded to include more than 100 new individuals and entities. In total, it will include more than 2,200 items.   #penteris #europeanunion #ukraine #russia #war #sanctions #investments #litigationlawyer

📑 Traditionally, on Tuesday, we share a new selection of news from the Confiscation Tracker for the past week. ❗ Among the most up-to-date news, the European Commission is developing a new proposal for EU member states regarding frozen Russian assets. In Lithuania, the number of criminal proceedings for circumventing sanctions is growing, and representatives of the Ministry of Justice of Ukraine report on the achievements in sanctions policy since the beginning of the full-scale invasion. 👉 Swipe right to read more about this and other news. Also, be sure to visit our Confiscation Tracker for the latest news on the status of frozen Russian assets, sanctions circumvention and the results of sanctions policy in Ukraine! #newsletter #confiscation #sanctionspolicy #russianassets #sanctions #lithuania #europeancommission #russianoligarchs #ministryofjusticeofukraine #confiscationtracker