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
US Sanctions
Sanctions – North Korea
By Chloe Rogers on
Listeners to our webinar on Wednesday will recall the discussion of the sanctions in play against the Democratic People’s Republic of Korea (DPRK, also known as North Korea). Of particular interest to the global business community had been the forthcoming summit between President Trump of the United States and Kim Jong Un, Leader of the…
Iran: Joint Comprehensive Plan of Action agreed on 14 July 2015, but no immediate sanctions relief
By Alexandra Allan on
On 24 November 2013, the E3/EU+3 (or the P5+1, comprising the United States, Russia, China, the United Kingdom, France and Germany), together with Iran, agreed the Joint Plan of Action (“JPOA”), which relaxed some of the sanctions imposed against Iran by the EU and the United States.
The JPOA was intended to provide interim sanctions…
Iran: Joint Comprehensive Plan of Action agreed, but no immediate sanctions relief
By Alexandra Allan on
On 24 November 2013, the P5+1 countries (comprising the United States, Russia, China, the United Kingdom, France and Germany) together with Iran, agreed the Joint Plan of Action (JPOA), which relaxed some of the sanctions imposed against Iran by the EU and U.S. The JPOA was intended to provide interim sanctions relief, while the parties…
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…
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…
Iran: limited sanctions relief extended to 24 November 2014
By Alexandra Allan on
In January 2014, both the EU and U.S. brought into force measures which temporarily suspended and relaxed (for a period of six months, to end on 20 July 2014) some of the sanctions in place against Iran. This reflected the Joint Plan of Action (JPoA) agreed between the E3+3 and Iran in November 2013. Those…
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…
Sanctions Update – Iran: Easing of Sanctions by the United States and European Union
By Alexandra Allan on
As reported in our Client Alert of December 2013, the “Joint Plan of Action” reached between the United Kingdom (“UK”), the United States (“U.S.”), Germany, France, Russia and China (collectively known as the “E3+3”) and Iran in November 2013 envisaged a two-step process in relation to relief from international trade sanctions against Iran.
On…