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News & insights
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Price Cap Coalition: updated advisory for maritime industry aims to prevent sanctions evasion
Posted: 25/10/2024
The Price Cap Coalition, which comprises the G7, EU, Australia and New Zealand, has updated its advisory for both government and private sector stakeholders in the maritime industry, setting out best practice recommendations to tackle sanctions evasion......>> -
The UK’s new Office of Trade Sanctions Implementation – UK announces new civil enforcement body for trade sanctions
Posted: 08/10/2024
In October 2024, the UK government plans to launch the Office of Trade Sanctions Implementation (OTSI) within the Department for Business and Trade (DBT). OTSI will be responsible for civil enforcement of certain trade sanctions and have powers to impose monetary penalties, a power that was previously held by HM Revenue & Customs (HMRC)......>> -
The EU’s 14th package of sanctions – what has changed?
Posted: 10/07/2024
On 24 June 2024, members of the European Union agreed to issue a 14th package of sanctions against Russia. This is in tandem with recent updates from the UK and US earlier in the month. The 14th package amends Council Regulation (EU) number 269/2014 by introducing new restrictive measures on an additional 69 individuals and 47 entities......>> -
No Russia clause – what is it and when is it needed?
Posted: 11/04/2024
Following the European Union’s 12th package of sanctions, among the measures adopted by the European Council was the introduction of a new requirement under Article 12g of EU Regulation 833/2014. It means that EU exporters and suppliers are obliged to include relevant wording in certain sales contracts prohibiting the re-export of restricted......>> -
Russian sanctions – EU’s 12th package and UK updates: what the shipping industry should be aware of
Posted: 19/02/2024
The European Union’s 12th package of sanctions against Russia have come into force today, following adoption by the European Council on 18 December 2023. A few days earlier, on 14 December 2023, the UK government also introduced legislation through Amendments Nos 4 and 5 to further sanctions against Russia. This article......>>
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