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
Russia
Continuation of Russian Sanctions
By Alexandra Allan on
Since March 2014, Reed Smith has been closely monitoring developments relating to the situation in the Ukraine and reporting them as Client Alerts and blog updates. For a brief summary of the EU’s decision of 20 March 2015 to effectively leave in place the sanctions imposed last year against Russia, please see the recent Client…
Sanctions Update: the U.S. and the EU impose further measures against Russia
By Alexandra Allan on
In late December 2014, both the U.S. and EU extended the sanctions regimes in place against Russia, imposed as a result of its actions in Ukraine.
For details of these latest measures, please see the recent Reed Smith Client Alert by Leigh Hansson, Michael Lowell, Sian Fellows, David Myers, Hena Schommer, Alexandra…
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…
Special Update: Overview of the US and EU Sanctions on Russia
By Alexandra Allan on
Over the past six months, the United States and the European Union have coordinated efforts through sanctions and trade controls to respond to Russian activity in Crimea and Ukraine. There has been a long series of incremental changes to the sanctions and trade controls by the respective government authorities.
For a summary of the state…
OFAC Targets Russia’s Financial and Energy Sectors in New Sectoral Sanctions
By Alexandra Allan on
As a result of the ongoing Crimea conflict, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) has issued new sanctions targeting Russian banks and energy companies. For further details, please see the recent post on Reed Smith’s Global Regulatory Enforcement Law Blog by Leigh Hansson and Hena Schommer.
July Sanctions Update: Ukraine and Iran
By Alexandra Allan on
Since March 2014, we have been closely monitoring the developments relating to the situation in the Ukraine and reporting them as Client Alerts and blog updates.
For a summary of the recent changes in respect of the Ukraine as well as an update on the position regarding the “Joint Plan of Action” in respect of…
Crisis in the Crimea: Sanctions Update
By Alexandra Allan on
The European Union has made further additions to the list of sanctioned parties under the regime put in place in response to the Russian Federation’s actions in the Crimea.
For further details, please see the recent post on Reed Smith’s Global Regulatory Enforcement Law Blog by David Myers, Sian Fellows, Alexandra Allan and Alexandra
Crisis in the Crimea: Sanctions Update
By Alexandra Allan on
In response to the Russian Federation’s continued actions in southern and eastern Ukraine, both the United States and European Union have added further names to the lists of parties who are subject to sanctions. The US Department of Commerce’s Bureau of Industry and Security (“BIS”) has also announced the addition of thirteen companies to the…
Crisis in the Crimea : Further Sanctions Update
By Alexandra Allan on
The Russian Federation and the United States continue to clash over the proposed annexation of Crimea from Ukraine, with the United States adding 20 Russian officials and related persons to its list of sanctioned persons. Some of the persons recently added to the United States’ SDN List were recently sanctioned by the EU, as we…