Sanctions Profile: European Union

News

UK updates start date of OGEL to 12 April 2019

In February, we reported that the UK Department for International Trade has published a new Open General Export Licence: export of dual-use items to EU member states (see post). The licence has been amended and now stipulates that if the UK leaves the EU without a deal, the export of dual-use items requires an OGEL […]

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President Trump gives EU companies sanctions warning over Iran

In an interview with Fox News yesterday (1 July 2018), US President Donald Trump stated that European companies would face secondary sanctions if they continued to do business with Iran in violation of US sanctions (which were being re-imposed in light of the US decision to withdraw from the JCPOA). President Trump also said that...

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President Putin signs Russian counter-sanctions into law

President Putin has now signed Russian counter-measures into law. These measures, as previously reported, provide for counter-sanctions including restrictions on the import into Russia of products and/or raw materials originating from the USA and other foreign states, and on the export from Russia of products to foreign citizens. The legislation gives President Putin the power...

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Draft Russian Bill criminalising compliance with Western sanctions postponed for business impact consultations

On 16 May 2018, we reported that a Russian Draft Bill criminalising compliance with Western sanctions had been unanimously approved by the State Duma in its first reading (previous blog). The following day (17 May), Russian lawmakers voted to postpone the second reading of the Bill so that consultations could be held on its potential business...

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Draft Russian Bill criminalises compliance with Western sanctions

On 14 May 2018, the Russian State Duma was presented with Draft Bill No. 464757-7 “On Amendments to the Criminal Code of the Russian Federation”, which, if passed, will make it a criminal offence for Russians to: Fulfil/comply with US and/or other foreign state sanctions against Russia, if such actions restrict/deny Russian citizens and entities...

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Current Sanctions