European Union Adopts 16th Package of Sanctions Against Russia, Further Impacting the Aviation Industry
By: Laura Scott, Petr Bartos, and Michael Ruck
On 24 February 2025, the European Union adopted the 16th Russia sanctions package.
Read MoreEU Sanctions—Article 8a “Best Efforts” Explained
By: Michael E. Ruck and Petr Bartoš
On 24 June 2024, the European Union (EU) implemented its 14th package of sanctions against Russia to combat its continued aggression against Ukraine. A notable addition was made to Article 8a of Council Regulation (EU) No 833/2014, which introduced the requirement that EU operators “undertake their best efforts to ensure that any legal person, entity or body established outside the Union that they own or control does not participate in activities that undermine the restrictive measures provided for in [the] Regulation.” A similar clause has also been included in the Belarus sanctions framework.
Read MoreNew US Sanctions Target Russia’s Energy Sector
By: Nate Bolin, Jeffrey Orenstein, Myeong Park, and Brian Hopkins
On 10 January 2025, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a package of new sanctions targeting Russia’s energy sector. In an effort to curtail Russia’s oil revenue and ability to evade US sanctions, OFAC issued: (1) a Determination authorizing sanctions on parties operating in Russia’s energy sector; (2) a Determination banning US petroleum services to Russia; and (3) blocking sanctions against oil and gas majors, vessels in the so-called “shadow fleet,” certain traders of Russian oil, Russian maritime insurers, and Russian oilfield service providers.
Read MoreTop Tips for Sanctions Compliance and Preventing Sanctions Evasion
By: Michael Ruck, Petr Bartoš, and Helen Phizackerley
On 24 September 2024, the G7 released updated guidance on the prevention of evasion of export controls and sanctions imposed on Russia.
This blog provides an overview of the guidance and the firm’s top tips for sanctions compliance and preventing sanctions evasion:
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