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Baker McKenzieā€™s Sanctions Blog published the alert titled Ukraine: Cancellation of marketing authorizations for pharmaceuticals manufactured in Russia or Belarus or held by companies affiliated or otherwise related to those with manufacturing facilities in Russia or Belarus on 25 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Recently, the U.S. Securities and Exchange Commission (ā€œSECā€) Division of Corporation Finance issued a sample letter advising companies on their potential need to disclose direct and indirect impact of Russiaā€™s invasion of Ukraine and the related international response on their operations. Sample letters generally do not create any new legal obligations; instead, they signal the areas of potential scrutiny by the SEC and illustrate the types of risks the SEC may view as material.

Baker McKenzie’s Sanctions Blog published the alert titled Ukraine may cancel marketing authorizations for pharmaceuticals held by companies with ties to pharmaceutical manufacturing in Russia or Belarus on 9 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

On 7 April 2022, the ECJ issued its decision in the case Cā€‘489/20 (UB vs Kauno teritorinė muitinė). UB arranged the unlawful introduction of cigarettes from Belarus to Lithuania. In September 2016, 6000 packages of cigarettes were thrown across the State border to be picked by vehicle on the other side. Lithuanian border officials managed to detain the vehicle carrying the cigarettes that same day.