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Current EU and UK Belarus sanctions regimes comprise arms embargoes, targeted asset freezes and travel bans, and sectoral sanctions. Current EU legislation: Council Regulation (EU) No 765/2006 & Council Decision 2012/642/CFSP. Current UK legislation: Republic of Belarus (Sanctions) (EU Exit) Regulations 2019.
In addition to the UK’s new Belarus sanctions (see previous post), OFSI has issued 2 General Licences (GLs): INT/2022/1976232, “Financial services regarding wind down of derivatives, repurchase, and reverse repurchase transactions with the National Bank of Belarus, and Ministry of Finance of Belarus” (Notice), which authorises until 4 August 2022 the provision of financial services for the purposes of winding …
The UK has adopted the Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2022, which amend the designation powers under the Belarus sanctions regime and introduce new financial, trade and transport sanctions on Belarus in response to its support of Russia aggression against Ukraine. These are summarised below. Press Release, Explanatory Memorandum, Impact Assessment, trade sanctions Notice, import sanctions Notice …
On 27 June 2022, Canadian Prime Minister Justin Trudeau announced further sanctions under its Russia, Belarus and Ukraine sanctions regimes. Amending Regulations, Regulations & Regulations. The measures include: A ban on the export to Russia of certain advanced technologies that could improve Russia’s domestic defence manufacturing capability, including quantum computers and advanced manufacturing equipment. A ban on the export to …
The G7 issued a Statement on Monday (27 June 2022) making further commitments related to their Russia and Belarus sanctions regimes. These include (further): isolating Russia from participating in the global market; tackling sanctions evasion and backfilling; reducing Russia’s revenues, including from gold (see previous post); reducing dependency on Russian energy (see also ‘Climate and Energy’ section of the Communiqué); …
The US Department of Commerce’s Bureau of Industry and Security (BIS) has issued an order temporarily denying the export privileges of Belavia Belarusian Airlines for a period of 180 days. Press Release. The Office of Export Enforcement has found that, since 8 April 2022, Belavia has operated multiple US-origin aircraft subject to the Export Administration Regulations (EAR) into/out of Belarus …
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