Peter Phillips’ Post

The latest US #sanctions on #Russia and Russian sanctions evaders underscore the US’s continued commitment to a whole-of-government approach in this area. Our alert takes a closer look at the sanctions and what they mean. #dlapiper

Guy Martin on Sanctions - featured in The Times Guy Martin provides his insight to The Times on Targeted Sanctions, practical impacts, the system and the lengthy legal challenges that can be faced by those sanctioned. #targteedsanctions https://lnkd.in/gTTveXpQ

If you missed this address from David O'Sullivan, EU Sanctions Envoy, on the impact the implementation of EU sanctions are having on Russia and Europe alike, you can watch back on https://lnkd.in/evd95fWB

In the past two years the impact of the UK sanctions on Russia have had far reaching consequences for UK businesses - from the extent of checks required on customers to restrictions on critical corporate restructurings. In this short video, my colleague Kristian Assirati chat through some of the key issues facing our clients, and think about what further developments we might see in the near future. #sanctions #compliance #DisputeResolution #DisputesWeek #ofsi

Russia hoping to use #INSTC to evade sanctions, says think tank According to the US-based think tank The Jamestown Foundation, Russia hopes to use the International North-South #TransportCorridor (INSTC) as a way to evade Western sanctions. The development of the #corridor allows Russia to gain more open access to non-Western markets. Those could provide #Russia with much-needed goods for its war economy. https://lnkd.in/dcyPCTdH

The US is further targeting the Russian Military-Industrial Base with over 300 designations against companies and individuals. It is interesting to observe that the US sanctions focus has remained on legal entities rather than individuals for a year, illustrating a trend in how the US perceives the most effective strategy to halt sanctions circumvention schemes. Find more at sanctions-finder.com

Osborne Clarke Disputes Week 2024 is here! In this video, Nick Price and Kristian Assirati (Partner and Associate Director in our Sanctions team) discuss how UK sanctions against Russia have developed since the invasion of Ukraine. Click to watch the full video on YouTube 📽 https://lnkd.in/eXurhr5Q In particular, they offer a recap on the scope of the new regulations and the Office of Financial Sanctions Implementation (OFSI)'s approach to date, and consider the impact on UK companies from sanctions and the common questions that have arisen. 💥 Explore all the Disputes Week 2024 recordings and resources here > https://lnkd.in/edmqSAtA #DisputeResolution #Sanctions #RussiaSanctions #GlobalCompliance

Two years on from Russia’s full-scale invasion of Ukraine in 2022, it is becoming increasingly clear that further expansion of sanctions regimes will be met with strong opposition from governments whose economies would suffer direct consequences, or who are trying to take an independent path in global politics. Controls Risks’ bi-annual report, Navigating the Global Sanctions Landscape in 2024 is back for a third time, providing insight into the complexities of today's ongoing sanctions regimes: from technical expertise on the movement of goods, to the geopolitics driving changing sanctions regimes. Visit our website and download the report now >> https://ow.ly/g15j50QKYFa #NavigatingGlobalSanctions #GlobalSanctions #SanctionsCompliance #SanctionsExperts #compliance #sanctions

Our bi-annual Global Sanctions Report just came out this week and this report brings Control Risks analysts together with sector experts and leading trade and sanctions lawyers to discuss key sanctions developments and outlooks for different geographies and sectors..

My thoughts on Russia sanctions, enforcement difficulties and policy tradeoffs - on John Dickerson's prime time news on CBS on Wednesday night. - US/G7 sanctions have had an impact on Russia's economy, increasing costs, but choices in types of sanctions, enforcement challenges and Russian policy choices limited effect. Plus Russia has been successful in creating webs of illicit and semi-licit supply chains and reorienting economy around war economy. - highlights challenges of targeting a major fuel producer, but also potential missed opportunity of active enforcement of price cap for 2nd half of last year. - sanctions and Russian choices have done more to undermine longer-term economic/investment opportunity. - What am I watching? Secondary sanctions on foreign financial institutions. We are still waiting to see full impact of the enforcement and signaling that began towards end of 2023.