Philippe Reich’s Post

What's new with the EU's latest Russia sanctions package? In our latest webinar, we provide you with an overview of the 12th package of sanctions targeting Russia that was published by the EU on 18 December 2023. These amendments have a material impact on all businesses with a continued or residual presence in Russia, including those seeking to exit and divest from Russia. Moreover, all companies, even those not trading directly with Russia, should be mindful of the increased focus on targeting circumvention. To watch the webinar, click the link below: https://lnkd.in/ekZRYrQ5 #sanctions #Russia #europeanunion

In a recent article published by POLITICO Europe, Tan Albayrak shared his thoughts on the lack of fines from the Office of Financial Sanctions Implementation (OFSI) relating to breaching Russian sanctions. As he explains in the article, “The fact that there has been little-to-no enforcement action on our own companies can only point to one of two possibilities..." #sanctions #trade #enforcement #russia #regulatory #OSFI

📢 Insight 📢 Linkilaw’s sanctions and regulatory team provides a checklist of steps that Chinese individuals and businesses can consider in view of mounting sanctions concerns.

The EU is shifting its approach to sanctions, especially under the Russia and Belarus regimes, with the introduction of the "best efforts" obligation for EU companies to ensure compliance by non-EU subsidiaries. This gradual extension of EU sanctions jurisdiction raises the question: how closely does this align with the US’s extra-territorial sanctions model? Our latest article explores these developments and their implications for businesses navigating both EU and US sanctions. Written with Matthew Rabinowitz, Steven Farmer and Matthew Oresman for the European Financial Review. #EUSanctions #USSanctions https://lnkd.in/dRJsvNuW

POLISH SANCTIONS INVESTIGATION It is not every day that a company 49% owned by an EU member state will be investigated for allegedly breaching the EU's sanctions on Russian oil. Today is one such day. Dr. Damien ROMESTANT has already posted on this story as well. https://lnkd.in/e72cCCBg The post on our European Sanctions Enforcement blog is in the comments. #sanctions #sanctionenforcement #poland #orlen

A super helpful overview of global sanctions

As we monitor various geopolitical developments around the world, 2024 promises to be another active year for the implementation and enforcement of international sanctions. We have just published an updated comprehensive Sanctions Matrix that maps countries targeted by US, UK and EU economic sanctions and provides concise summaries of key measures. You can download the snapshot here: https://lnkd.in/dFMHmutW Please feel free to reach out to receive the full-length January 2024 Sanctions Matrix which summaries UK, EU and US sanctions in 40 jurisdictions. #sanctions #DLAPiper #sanctionscompliance #sanctions2024

The #regulatory update this week relates to the Russian and Belarusian #sanctions. The #FCA are increasingly scrutinising those who should be complying with these sanctions. Click on the link below to learn more about what the sanctions are and who they affect. https://lnkd.in/eKgma6wa

Our DLA sanctions matrix is an absolute must for your 2024 reading list - and it’s a very quick read too. Many thanks to our esteemed sanctions team for their knowledge and visual mindset!

Need a quick visual guide to global sanctions risk? Our comprehensive Sanctions Matrix maps countries targeted by US, UK and EU economic sanctions and provides concise summaries of key measures. Drafted by Chloe Barker, Ramsey Jurdi, Katie Palms, Dr. Thilo Streit LL.M. (UT Austin), Laura Shingler, and Lydia Rogers, the Sanctions Matrix keeps an eye on various global geopolitical developments, with 2024 promising to be an active year for enforcement and implementation of international sanctions. Click on the link below to learn more. #Sanctions #Embargos #InternationalTrade