Serbia. The Regulation amends Regulation (EU) 833/2014, first issued in August 2014, which set out the EU's existing Russia sectoral sanctions regime, and introduces new measures targeting various sectors of the Russian economy. The EU prohibits imports of coal, solid fossil fuels and a range of industrial goods from Russia to the EU as well as exports to Russia of certain industrial goods. The new regulation restructured some of the existing restrictions, and . These amendments will introduce new trade sanctions measures relating to internet services and online media services, for the purposes set out in regulation 4 of the 2019 Regulations. 2019/855) ("the 2019 Regulations"). A previous sanctions package was adopted on 23 February 2022 (see previous post). UK Chancellor Rishi Sunak has urged firms "to think very carefully about their investments in Russia . 5 General FAQ, Question 18. It focuses on: the measures in the 6 th package of sanctions which impact on the transport and insurance of oil and petroleum products; and; the prohibitions on transacting with Russian state-owned enterprises . do the sanction regulations restrict a russian citizen holding a personnel licence issued in accordance with regulation (eu) 2018/1139 to exercise the privileges of the licence inside the eu (e.g. They were imposed through four EU Council Regulations and three Council Decisions targeting Russia and Belarus. What is the purpose of this Guidance and how do the new export restrictions in the Sanctions Regulation relate to existing sanctions against Russia?

Richard Tauwhare. .

Prohibiting the satisfying of certain claims in relation to transactions that have been prohibited by the UN Security Council Resolution 757 (1992) and related resolutions. Council Regulation (EU) 2022/336 ("Regulation 2022/3362") On the 28 th of February, the EU adopted its third package of sanctions against Russia, imposing asset freezes on various Russian . Press Release, Press Release, Fact Sheet & EU Council Conclusions. On March 30, 2022, the UK passed a seventh amending regulation to its overarching Russian sanctions regulations. In light of Russia's continuing war of aggression against Ukraine, the European Council (EC) has imposed a fifth package of economic and individual sanctions against Russia on 8 April 2022. On 24 and 25 February 2022, the European Union (EU) imposed additional extensive sanctions on Russiaand new ones on Belarusin response to the Russian invasion of . This circular is not intended to be a comprehensive summary of the EU sanctions against Russia. Today (15 March 2022) the EU adopted a fourth package of sanctions on Russia, which comprises (Press Release & Press Release): Council Implementing Regulation (EU) 2022/427 and Council Decision (CFSP) 2022/429 , which: Designate 15 individuals including Russian "oligarchs" and people working for "pro-Russian" media, and 9 entities operating in the aviation, military and dual use . On 24 and 25 February 2022, the European Union (EU) imposed additional extensive sanctions on Russiaand new ones on Belarusin response to the Russian invasion of . New sanctions are coming into force and existing sanctions are being amended without notice or often with no or little lead in time to comply. Deposits that existed on 26 February 2022 which exceed that value can be grandfathered. (2) Paragraph (1) is subject to Part 7 (Exceptions and licences). These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. New sanctions package targeting Russia of April 8, 2022 1. 3-3 References: Link for the consolidated version of the text: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02014R0833-20220604

Regulation 2022/328 was adopted by the European Union (EU) on Feb. 25, 2022, in relation to the Russia-Ukraine crisis. This article identifies key implications for businesses with activities that may be affected by Russia-related sanctions. Sanctions. Restrictions on economic relations with the Donetsk and Luhansk regions: This concerns trade between the EU and the Donetsk and Luhansk regions, and includes an import and export ban, trade and investment restrictions . These sanctions build on, and expand, the earlier sanctions. 4 Id. This circular is not . These new sanctions reflect a marked shift in scope which, until now, had been largely aimed at individuals and entities linked with the Russian government. Making funds available to designated. The EU adopted additional Russia sanctions today (28 February 2022) and on Friday (25 February 2022). Tweet. The European Union's 6th Sanctions Package - EU Regulation 833/2014 - (the "Regulation") On 3 June 2022 the EU published its 6th package of sanctions against Russia.

Public contracts. New UK, EU and US Sanctions on Russia and Belarus update as of 4 July. 1 Circular: Sanctions - The European Union's 6th Sanctions Package - EU Regulation 833/2014- (the "Regulation") On the 3rd of June 2022 the EU published its 6th package of sanctions against Russia. On 8 April 2022, the EU adopted additional sanctions in response to Russia's illegal and unprovoked military aggression against Ukraine.

agreed to impose new "tough financial sanctions" on Russia. The most far-reaching measures are introduced in Council Regulation (EU) 2022/328 (the "Regulation"). The EU also expanded its current Belarus sanctions framework on 8 April, with the publication of Council Regulation (EU) 2022/577 (the "Belarus Amending Regulation"). The prohibitions apply to all EU nationals (including those based outside the EU) and those (whether EU or non-EU) doing business in the EU. 4 July 2022 No.22-007. 1 Circular: Sanctions - The European Union's 6th Sanctions Package - EU Regulation 833/2014- (the "Regulation") On the 3rd of June 2022 the EU published its 6th package of sanctions against Russia. The individuals face a travel ban and an asset freeze in the EU. The restrictions will apply gradually: within six months for crude oil and within eight months for other refined petroleum products. 3. Search: Syria Sanctions Uk. This circular is not intended to be a comprehensive summary of the EU sanctions against Russia. - a prohibition to purchase, import or transfer coal and other solid fossil fuels into the EU if they originate in Russia or are exported from Russia, as from August 2022. They are intended to ensure that certain sanctions relating to Russia continue to operate effectively. US, EU, UK to sanction Russian central bank, block SWIFT Cumulatively the steps announced by the West since Russia began the invasion would potentially amount to some of the toughest sanctions on . The Commission issued an Opinion on Article 2(2) of Council Regulation (EU) No 269/2014 which sets out that EU operators are prohibited from making funds or economic resources available to or for the benefit of the persons listed in Annex I to this .

(3) A person who contravenes the prohibition in paragraph (1) commits an offence, but it is a . The Regulation introduces broad new sanctions on Russian airlines, the Russian aviation sector (including aviation insurance) and certain related activities, entities and persons. Council Regulation (EU) No 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine OJ L 229, 31.7.2014, p. 1-11 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV) In force: This act has been changed. prohibits to purchase, import or transfer coal and other solid fossil fuels into the EU if they originate in Russia or are exported from Russia, including in transit. A full ban of Russian and Belorussian freight road operations working in the EU (certain exceptions will cover essentials, such as agriculture and food products, humanitarian aid as well as energy). flying an aircraft for private purposes or for an eu airline, conducting maintenance for an eu aircraft, working in an eu part 145 organisation, On 23 February 2022, the EU expanded the sanctions in response to the recognition of the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine and the ordering of Russian armed forces into those areas. - a prohibition to provide access to EU ports to vessels registered under the flag of Russia.

The most far-reaching measures are introduced in Council Regulation (EU) 2022/328 (the "Regulation"). On 26 February 2022, in response to Russia's invasion of Ukraine, Regulation (EU) 2022/328 of 25 February 2022 (the Regulation) came into force. Restrictions on economic relations with the Donetsk and Luhansk regions: This concerns trade between the EU and the Donetsk and Luhansk regions, and includes an import and export ban, trade and investment restrictions . 7 General FAQ, Question 13. Conclusion. . Opinion on the notion of "making available" under financial sanctions targeting Russia . This brings the total number of individuals and entities listed to 1,370 and 136, respectively. The fourth regulation published on 1 March 2022 is the by-now predictably named The Russia (Sanctions) (EU Exit) (Amendment) (No. These prohibit a UK individual or entity from providing financial services for the purpose of foreign exchange reserve and asset management to the Russian Central Bank, Ministry of Finance and . The European Commission (EC) has updated its sanctions guidance to clarify that legal persons incorporated outside the EU are not expected to comply with its sanctions regulation, even if ultimate beneficial owners (UBOs) are known to be Russian individuals or legal entities residing in or established in Russia. The European Union's 6th Sanctions Package - EU Regulation 833/2014 - (the "Regulation") On 3 June 2022 the EU published its 6th package of sanctions against Russia. These Regulations amend the Russia (Sanctions) (EU Exit) Regulations 2019 (the 2019 Regulations) by adding new trade sanctions to Part 5 (Trade).

Notice for the attention of Rossiya RTR / RTR Planeta, Rossiya 24 / Russia 24 and TV Centre International regarding their inclusion in Council Decision 2014/512/CFSP and Council Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine 2022/C 219 I/03 The Sanctions and Anti-Money Laundering Act 2018 was enacted in the UK for the purpose of creating a national sanctions framework.

This circular is not intended to be a comprehensive summary of the EU sanctions against Russia. Following the introduction of the Russia (Sanctions) (EU Exit) (No 6) (Amendment) Regulations, which introduced a new Regulation 29A into the Russia (Sanctions) (EU Exit) Regulations 2019 (the " Russia Regulations "), UK persons are prohibited from directly or indirectly providing insurance or reinsurance services relating to aviation and . On 28 February 2022, the European Union ("EU") adopted its third package of sanctions against Russia, imposing asset freezes on various Russian businesspersons active in the oil, banking and finance sectors, while closing off the EU's airspace for Russian air carriers and preventing Russia's Central Bank from accessing its foreign reserves in the EU.

Irish lessors and all other EU-based lessors

These actions have been closely coordinated, including in response to reports of possible war crimes in Ukraine. The measures include: An export ban on jet fuel and fuel additives listed in Annex XX to the Regulation; Additional Asset-Freezing Designations Council Implementing Regulation (EU) 2022/581 adds 217 individuals and 18 entities to the EU asset-freezing list. view of Russia's actions destabilising the situation in Ukraine (hereinafter: the 'Sanctions Regulation'), as amended by Council Regulation (EU) 2022/328 of 25 February 2022, Question 31. This circular is not intended to be a comprehensive summary of the EU sanctions against Russia.

This blog explains the purpose of these sanctions and the actions that EU practitioners who are involved in Russian trusts need to take as a result. Meaning of "designated person" 11. From 16 April, it will be prohibited to provide access to EU ports to any vessel registered under the flag of Russia (Article 3ea, EU Regulation). Since the publication of our 9 March 2022 client alert, the US, UK and EU and other allied nations have imposed additional sanctions and export controls on key elements of the Russian economy.This client alert summarizes the UK and EU's latest actions, which have been closely coordinated.

Targeted sanctions: The EU extended the existing sanctions against Russia by including all the 351 members of the Russian State Duma and 27 high profile individuals and entities.

Regulation 2 Amendment of the Russia (Sanctions) (EU Exit) Regulations 2019; Regulation 3 Interpretation of Part 5; Regulation 4 Definition of "interception and monitoring services" Regulation 5 Maritime goods and maritime technology; Regulation 6 Goods and technology relating to non-government controlled Ukrainian territory CHAPTER 1 Finance restrictions in relation to designated persons 10.

UK sanctions mirror EU sanctions broadly but the .

The series of sanctions adopted against Russia and Belarus constitute the largest and most severe restrictive measures ever adopted by the EU. The Regulation took effect on Feb. 26, 2022. . 29th June 2022. Regulation 2 Amendment of the Russia (Sanctions) (EU Exit) Regulations 2019; Regulation 3 Interpretation of Part 5; Regulation 4 Definition of "interception and monitoring services" Regulation 5 Maritime goods and maritime technology; Regulation 6 Goods and technology relating to non-government controlled Ukrainian territory Tuesday, March 1, 2022. Russia, Iran and Turkey signaled their continued status as the most influential powers in Syria with the release of a joint statement late Affiliations 1 Department of Infection, Imperial College London, London W2 1NY, UK; Syria Public Health Network, London, UK A fresh diplomatic push This action could escalate the tension among West and Iran as the tanker is .

5) Regulations 2022. On 31 December 2020 at 23:00, EU sanctions ceased to have effect in the UK and autonomous UK sanctions came into force replacing them.

The Regulation amends Regulation (EU) 833/2014, first issued in August 2014, which set out the EU's existing Russia sectoral sanctions regime, and introduces new measures targeting various sectors of the Russian economy. In brief, the new restrictions include: designations of Russian and Belarusian individuals; wide-ranging In light of the further escalation of the Russia-Ukraine conflict, the EU agreed on Friday, 25 February, on a second wave of sanctions targeting broad areas of the Russian economy and other high profile political and military leaders in Russia and Belarus. 8 Q&A on the fifth package of sanctions against Russia (europa.eu)

UN and EU. for any other purpose consistent with the objectives of this regulation. The European Union's 6th Sanctions Package - EU Regulation 833/2014 - (the "Regulation") On 3 June 2022 the EU published its 6th package of sanctions against Russia. FACT

These amendments will introduce new trade sanctions measures relating to internet services and online media services, for the purposes set out in regulation 4 of the 2019 Regulations. Regulation 2 Amendment of the Russia (Sanctions) (EU Exit) Regulations 2019; Regulation 3 Interpretation of Part 5; Regulation 4 Definition of "interception and monitoring services" Regulation 5 Maritime goods and maritime technology; Regulation 6 Goods and technology relating to non-government controlled Ukrainian territory On the 3 rd of June 2022 the EU published its 6 th package of sanctions against Russia.



This circular is not intended to be a comprehensive summary of the EU sanctions against Russia. An entry ban on Russian-flagged vessels to EU ports (exceptions apply for medical, food, energy and humanitarian purposes). The EU added 216 individuals and 18 entities to the EU restricted parties list pursuant to Council Implementing Regulation 2022/581. 2019/855) ("the 2019 Regulations"). Russia.

On 8 April 2022 the EU adopted a fifth package of sanctions on Russia, comprising of several Regulations and Decisions: Council Regulation 2022/576 and Decision (CFSP) 2022/578, which:.

Asset-freeze in relation to designated persons 12.

Regulation 2022/428 EN Overall structure and approach followed for this guidance 1. (1) A person must not directly or indirectly supply or deliver interception and monitoring services to, or for the benefit of, the Government of Russia from a third country. In particular, with Article 3c (4)(a) of Regulation (EU) No 833/2014, as amended by Council Regulation (EU) 2022/328 of 25 February 2022, it is prohibited to provide technical assistance or other services related to the goods and technology suited for use in . Thursday, 28 April 2022 The European Commission (EC) has updated its sanctions guidance to clarify that legal persons incorporated outside the EU are not expected to comply with its sanctions regulation, even if ultimate beneficial owners (UBOs) are known to be Russian individuals or legal entities residing in or established in Russia. 2. The EU has added 216 individuals and 18 entities to the EU asset freeze. This also applies to any vessel that has changed its Russian flag or registration to the flag or registration of any other state after 24 February 2022. 6 General FAQ, Question 15. June 13, 2022 - On June 3, 2022, the European Union ("EU") released a sixth package of restrictive measures (sanctions) against Russia and Belarus "in light of Russia's continuing war of aggression against Ukraine and Belarus' support to it, as well as the reported atrocities committed by Russian armed forces in Ukraine." The new sanctions are "intended to effectively thwart Russian . Aviation policies include the AVN 111 Sanctions and Embargo Clause that provides "if, by virtue of any law or regulation applicable to an Insurer providing coverage to the . In June 2022, the Council adopted a sixth package of sanctions that, among others, prohibits the purchase, import or transfer of crude oil and certain petroleum products from Russia to the EU. All listed individuals and entities are subject to an asset freeze. 05/07/2022. Designations The EU has designated Russian President Putin and Foreign Minister Lavrov as well as members of the National Security Council . What does the Sanctions Regulation do in the area of export restrictions, including export controls? Following this, the Russia (Sanctions) (EU Exit) Regulations 2019 were enacted in late 2020 to allow for the continuous operation of sanctions already imposed on Russia from when the UK was a member of the EU. The Euro denominated banknote restriction has also been extended to cover all official currencies of the EU (for both Russia and Belarus). Since the publication of our March 24, 2022, and March 17, 2022, client alerts, the U.S., U.K. and European Union, among other allied nations, have imposed additional sanctions and export controls on key elements of the Russian economy with the continued invasion of Ukraine.. April 8, 2022: The EU added 216 individuals and 18 entities to the EU Consolidated Sanctions List. Targeted sanctions: The EU extended the existing sanctions against Russia by including all the 351 members of the Russian State Duma and 27 high profile individuals and entities. This circular is not intended to be a comprehensive summary of the EU sanctions against Russia. Council Regulation (EU) 2022/428 of 15 March 2022 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine ST/7130/2022/INIT OJ L 87I , 15.3.2022, p. 13-43 (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV) In force Based on the available EU statistics for 2013-2021, the authors analyzed the impact of the sanctions on cooperation between the EU and Russia in the sphere of dual-use goods export. For example, under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK Russia regulations) the provision of "financial services" and "funds" in relation to a wide range of activities relating to "energy related goods" is prohibited, including the export of or direct or indirect supply or delivery of energy related goods; directly or . Individual Restrictive Measures. Deposits : among other issues, the Commission confirmed that the prohibition for EU credit institutions to accept deposits from Russian legal and natural persons exceeding EUR 100,000 refers to the total value of deposits that such persons can hold. The names of these individuals and entities are available here: Notice_Russia_290622.pdf (publishing.service.gov.uk) Please be advised that 8 individuals and 5 entities have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The UK, EU, US and other countries have issued, and continue to issue, financial, sectoral and trade sanctions which target Russia-related business.

References to EU guidance and clarification in this Circular are references to the EU Consolidated FAQs on the implementation of Council Regulation No 833/2014 and Council Regulation No 269/2014: Consolidated version of the frequently asked questions concerning sanctions adopted following Russia's military aggression against Ukraine (europa.eu) Thursday, 28 April 2022. Imports of coal into the EU are currently worth EUR 8 billion per year.

European Union closes airspace to Russia document . Authored by our Global Sanctions Team. Tuesday, March 1, 2022. Yes, the EU sanctions supersede the continued airworthiness support obligations of the EU TCHs and other design approval holders. The Russia (Sanctions) (EU Exit) Regulations 2019 came fully into force on 31 December 2020. With the rapid expansion of UK, EU and US sanctions on Russia and Belarus in recent weeks - and with more in the regulatory pipeline we set out: What's New This Week (to 4 July) A 5-step checklist for assessing how your activities may be affected. New EU Russian and Belarus Sanctions On April 8, 2022, the EU adopted additional sanctions measures, the key provisions of which are summarized below. Download PDF (434KB) On the 3rd of June 2022 the EU published its 6th package of sanctions against Russia (EU Regulation 833/2014, the "Regulation"). The European Union's 6th Sanctions PackageEU Regulation 833/2014. These Regulations amend the Russia (Sanctions) (EU Exit) Regulations 2019 (the 2019 Regulations) by adding new trade sanctions to Part 5 (Trade). These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. Restrictive measures in view of Russia's actions destabilising the situation in Ukraine (sectoral restrictive measures) EU. 46L. April 8: The Council announced a fifth sanctions package. EU sanctions regulations have direct effect in all Member States of the EU, and, as such, are legally binding on all natural and legal persons in . The EU has sanctioned a further 77 Belarusian and Russian individuals and 26 Belarusian and Russian entities (see EU Regulation 269/2014 and EU Regulation 765/2006). Brexit and Russia-related sanctions. On 8 April 2022, the EU adopted a new round of sanctions against Russia and Belarus. These restrictions are provided for under Council Decision (CFSP) 2022/351 and Council Regulation (EU) 2022/350 adopted on March 1, 2022.