Baker McKenzie’s Sanctions Blog published the alert titled “EU bans Russian channels” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “US Government imposes additional sanctions on Russia, including the Central Bank of the Russian Federation; implements Russia-related executive order” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “US Government blocks Russian aircraft from using US airspace” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “Canada introduces additional designations including Russian President and Officials, prohibits dealings with Russian Central Bank, Ministry of Finance and National Wealth Fund” on 3 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “New EU sanctions cut-off certain Russian banks from SWIFT and prohibit certain investments in Russia” on 3 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 24 February 2022, various US government agencies published their respective reports on supply chain policies for six key industrial bases pursuant to Executive Order 14017, “America’s Supply Chains”. These Reports identify key weaknesses in some of the nation’s most crucial supply chains and offer multi-year strategies to help address those weaknesses. The White House issued a statement and capstone report following the publication of the Reports.
At the request of the Single Resolution Board (SRB) SBERBANK Europe AG, domiciled in Vienna, was placed under a moratorium by the Austrian Regulator, FMA, on 27 February 2022. Despite measures SBERBANK took to stem the outflow of funds the SRB decision finds it is likely to be unable to meet its payment obligations at maturity. SRB also held that current and future sanctions – US sanctions limiting access to USD supply by correspondent banks only take effect on 26 March 2022 – make it unlikely that SBERBANK’s liquidity situation will quickly recover. The FMA implemented the SRB’s decision of 27 February 2022 (SRB EES-2022-16), as per the provisions of the Austrian Act on Restructuring and Liquidation of banks (BaSAG) and Art 29 SRM Regulation.
This session features key insights and practical aspects of import and export regulatory and compliance updates in Thailand. Speakers also discuss recent precedential customs cases, including FTAs updates, export control updates, customs audit trends in Thailand and recent precedential customs cases and practices.
On February 24, 2022, each of the three Belgian Regions (the Flemish, Walloon and Brussels Regions) announced that all export licenses issued by their services with Russia as destination country or country of end-use will be temporarily suspended. The suspension will be evaluated on a day-to-day basis.
On 23 February 2022, the Council adopted a package of measures to respond to Russia’s decision to recognize the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine as independent entities, and the subsequent decision to send Russian troops into these areas.