Welcome to BCL’s latest sanctions and export controls round-up, highlighting the key developments in UK and international sanctions.
UK and international sanctions and export controls.
This edition covers the European Union's (“EU”) adoption of its long-delayed 21st package against Russia, Airbus Operations Limited’s £6.4 million compound settlement with HM Revenue and Customs (“HMRC”) for breaches of export controls, new Office of Financial Sanctions Implementation (“OFSI”) guidance on Basic Needs Allowance licences, and US designations.
EU Sanctions
Council adopts 21st sanctions package against Russia
- On 23 July, the Council of the European Union adopted its 21st package of sanctions relating to the conflict in Ukraine, following final concessions to Greece permitting a Greek shipping company to continue to ship Russian liquified natural gas (“LNG”), and ending the deadlock reported last month. The package includes 218 listings (48 individuals and 170 entities), the largest
