The U.S. and the UK moved quickly to prohibit the import of Russian LNG into their territories, but did not pass sanctions against the transportation of Russian LNG to other territories. Similarly, while the U.S. placed asset freeze sanctions on new Russian LNG projects such as the Arctic LNG 2 project, existing LNG infrastructure in Russia was not designated.
Continue Reading LNG sanctions on Russia – A fluid landscape
EU clarifies Russian sanctions
By Alexandra Allan on
On 5 December 2014, the European Commission published Regulation 1290/2014 (the Amending Regulation). This further amends Regulation 833/2014, which imposed sanctions against Russia in view of its actions in Ukraine. Several of the amendments appear to be aimed at clarifying the scope and application of the sanctions. Although not explicitly stated, this may be a…
EU Proposes Further Measures Towards Reducing Greenhouse Gas Emissions from Ships
By Alexandra Allan on
As a first step towards reducing the marine transport industry’s greenhouse gas emissions, on 28 June 2013 the European Commission (the “Commission”) tabled a draft Regulation to introduce a system of monitoring and publication of individual vessels’ annual CO2 emissions. This alert explains why the Commission has taken this step, exactly what it is proposing,…
Iran – Sanctions Update: Council Regulation 1263/2012
By Alexandra Allan on
Further to the 4 January 2013 post on the EU’s recent extension of its sanctions regime against Iran, a Client Alert has been published considering in detail the provisions of Council Regulation 1263/2012. The full text of the Alert is available on the Reed Smith website.
EU further extends Sanctions against Iran
By Alexandra Allan on
The Council of the European Union has recently published two Regulations which further extend its Iran sanctions regime.
Council Regulation (EU) No. 1263/2012
This Regulation implements the measures which were published in Council Decision 2012/635/CFSP, and which were the focus of a Reed Smith Client Alert dated 22 October 2012. With the publication of…
EU further extends Iran Sanctions Regime
By Alexandra Allan on
The Council of the European Union has recently published two further Regulations which extend the EU’s sanctions regime against Iran.
Council Implementing Regulation 1016/2012
This Regulation adds the National Iranian Oil Company Nederland (aka NIOC Netherlands Representation Office) to the asset freeze list in Annex IX of Regulation 267/2012.
It came into force on 7…
Iran and Syria: Recent Sanctions Update
By Alexandra Allan on
On 16 October 2012, the EU introduced further restrictive measures against both Iran and Syria. Details of these new measures can be found in the recent Reed Smith Client Alert by Sian Fellows, David Myers, Sarah Rogers, Alexandra Allan and Alexandra Gordon.
EU publishes further Regulation concerning Restrictive Measures against Iran
By Alexandra Allan on
The Council of the European Union has published Council Implementing Regulation (EU) No.709/2012 (the “Regulation”) concerning restrictive measures against Iran.
The Regulation provides that:
(a) certain persons shall be deleted from the list set out in Annex IX to Regulation (EU) No.267/2012 (i.e. the list which sets out those persons whose funds and economic resources…
EU further extends Sanctions against Syria
By Alexandra Allan on
The Council of the European Union has published Council Decision 2012/206/CFSP, which came into force on 24 April 2012 and which imposes further restrictive measures against Syria. Specifically, it imposes a prohibition on the sale, supply, transfer and export of technology, equipment and goods which might be used for internal repression. The provision of technical…
EU amends sanctions against Iran
By Alexandra Allan on
The Council of the European Union has published Council Implementing Regulation 350/2012, which came into force on 24 April 2012. This Regulation amends the asset freeze lists in Regulation 267/2012 by removing one individual and two companies from those lists.
The asset freeze lists continue to be amended on a regular basis. It is, therefore,…