Our experts break down the latest moves as the UK adds 386
political figures to sanctions list, while EU sets out agenda for
fourth package of measures against Russia
Further to our most recent
article discussing developments in the UK and EU sanctions
landscape in response to the conflict in Ukraine, in this post we
cover subsequent UK and EU developments. As ever, the position
continues to change rapidly and we will continue to provide updates
via our FSR
and Corporate Crime Notes blog.
UK DEVELOPMENTS
On Friday, 11 March, the UK designated 386 members of the
Russian Duma who voted to recognise the independence of the Luhansk
and Donetsk regions of Ukraine, and separately amended GL
INT/2022/1277778 related to correspondent banking relationships and
the processing of sterling payments. The Office of Financial
Sanctions Implementation (OFSI), the Financial Conduct Authority
(FCA) and the Bank of England also published a joint statement in
respect of
