ARTICLE · 19 APRIL 2022

Latest Updates To UK And EU Sanctions

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In response to Russia's continued military invasion of Ukraine, both the United Kingdom and the European Union have implemented additional asset freeze and trade and investment-related sanctions measures, issued a number of corresponding general licenses or exemptions, and provided updates to relevant corresponding guidance. This alert summarizes the key further actions taken in the United Kingdom and the European Union since our alert dated March 31, published here. For the latest update on United States sanctions, see our alert dated April 8, 2022, published here.¹

United Kingdom

Asset Freezes

On April 6, 2022 the United Kingdom added eight (8) individuals and two (2) entities to the asset freeze list. Notably, these additional designations include Russia's two largest financial institutions: Sberbank² and the Credit Bank of Moscow. Given the prominent role of these banks in Russia's financial sector, these asset freezes will have a significant impact on

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Latest Updates To UK And EU Sanctions

United Kingdom

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