On 31 December 2020, the UK’s Brexit transition period with the EU ended, and the UK became a third country with respect to the EU from a sanctions and export controls perspective. The UK now has its own autonomous sanctions and export control regimes – closely related to the EU’s regimes, but with important differences and complexities that clients need to be aware of. We have written an alert that summarises the key considerations for companies in respect of the framework of the UK’s autonomous sanctions and export control regime.
If you would like to access further insight on Trade Sanctions and Export Controls post Brexit, please email kate.bullard@bakermckenzie.com for recordings of our January 2021 Brexit Webinar Series.