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ARTICLE · 15 JANUARY 2025

UK Weekly Sanctions Update - Week Of January 6, 2025

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In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below...

GlobalInternational Law
James Ford
James Ford
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In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a member of our London Global and Government Trade team listed above.

Russia Sanctions

  • UK Government adds two Russian oil companies to the UK sanctions list under the Russia regime: On January 10, 2025, OFSI added PJSC Surgutneftegas and Gazprom Neft to the UK sanctions list under the Russia regime. According to the UK Government, these sanctions target entities involved in supporting the Government of Russia by carrying on business in a sector of strategic and economic significance to the Government of Russia, namely the Russian energy sector. The entities are large Russian oil companies which are involved in oil exploration, production, and development. (Notice_Russia_100125.pdf; Support for Ukraine is unwavering as UK announces new sanctions on Russian oil

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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