On 25 April 2017, the Kyiv office of Baker McKenzie held a webinar on implementing efficient compliance programs in Ukraine for multinational companies and featured an update on Ukrainian sanctions and trade restrictions, including trade restrictions introduced in relation to Russia and the Crimea, as well as an update on Occupied Territories in the East of Ukraine.
On 11 April 2017, the Council extended EU sanctions against Iran, which will now be in place until 13 April 2018.
Since 2014, Ukraine has significantly enhanced its anti-corruption and trade sanctions legislation and enforcement practices to align with US and EU standards. Now companies face the risk of criminal liability for corruption-related actions of their employees and full suspension of all operations in Ukraine for violating trade sanctions and restrictions, including trade restrictions introduced in relation to Russia and the Crimea.
On 1 April 2017, the sanctions-related provisions of the Policing and Crime Act 2017 came into force, bringing in significant changes to the UK financial sanctions enforcement landscape.
Tthe second-largest producer of telecommunications equipment in China, entered into a plea agreement with the US Department of Justice for violations of US sanctions against Iran and US export controls.
On 15 March 2017, the President of Ukraine enacted the decision of the Ukrainian National Security and Defense Council to impose sanctions on five Ukrainian banks with the capital of Russian state-owned b
On March 6, 2017, President Trump issued an Executive Order with an effective date of March 16, 2017 that repeals the prior Executive Order.
The Service on the Surveillance for Consumer Rights Protection and Human Well-Being of the Russian Federation has published today a draft law on the introduction of amendments into the Russian Code on Administrative Violations.
US Sanctions Russian Intelligence and Security Services in Response to Alleged Election-Related Hacking
On December 29, 2016, the US government announced several measures in response to the Russian government's alleged "aggressive harassment of U.S. officials and cyber operations aimed at the U.S. election." The measures impose sanctions against nine Russian parties, including the Russian Federal Security Service.
The U.S. Department of Justice issued guidance that sets forth a new policy encouraging companies to file voluntary self-disclosures for possible criminal violations of U.S. export controls and sanctions laws in exchange for potential leniency.