Export control and sanctions

Export control and sanctions


The conflict in Ukraine has resulted in a swift and coordinated international response in the form of enhanced trade controls and wider economic sanctions directed against Russia and Belarus. We are continuing to monitor developments in this area as the crisis unfolds. The situation in Ukraine is changing rapidly and it is anticipated that further restrictions will be imposed.

On this site, you will find a collection of articles and guidance to help you to keep abreast of the complex web of sanctions and export controls and other related measures, and their impact on cross-border trade, finance and investment.

Please note that our articles reflect the position at the time of publication and may be subject to further updates.

For more information, please get in touch with your usual contact at the firm or any of the contacts below.

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Economic Crime (Transparency and Enforcement) Act 2022 and the Register of Overseas Entities: who really owns this land?

On 15 March 2022, the Economic Crime (Transparency and Enforcement) Bill (the "Bill") received Royal Assent, and is now known as the Economic Crime (Transparency and Enforcement) Act 2022 (the "Act"). As explained in our recent briefing on the Bill, the Act introduces a register of beneficial ownership information for overseas entities that own or buy UK property ("the Register"), as part of the government's package of sanctions against Russia and in order to progress its longer-term strategy of combatting economic crime.

Sanctions Update: Further measures taken by UK, EU and US in response to Russia's invasion of Ukraine, including the UK's new Economic Crime (Transparency and Enforcement) Act

On 15 March 2022, the UK's new Economic Crime (Transparency and Enforcement) Act (the "ECA") received Royal Assent. The legislation contains a number of important provisions, including the introduction of a new 'Register of Overseas Entities' and reforms to unexplained wealth orders.

Sanctions Update: UK, US and EU set to impose first round of new sanctions on Russia in response to escalation of Ukrainian crisis, while Germany blocks Nord Stream 2 certification

During the build-up of Russian military forces on the borders of Ukraine over the course of recent months, the UK and other countries have issued firm statements that any further incursion by Russia into Ukraine would result in additional economic sanctions on Russian entities and individuals. Today, following Russia's recognition of the Luhansk and Donetsk regions of Ukraine as independent (and the corresponding movement of Russian forces into these regions), a number of new sanctions and other restrictions have been imposed – with further measures likely to follow depending on Russia's actions over the coming days and weeks.

Sanctions Update: is the US 'maximum pressure' approach to sanctions (including against Iran) set to thaw?

In recent weeks, rumours have started to circulate that President Biden's administration is set to depart from the US government's current approach to the use of sanctions. While the administration's review of US sanctions policy remains ongoing, details of a new softer approach, which is expected to be formally outlined when the review is published at the end of the summer, were described by a number of current and former administration officials in a series of high-level meetings held in the US Congress.

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