Welcome to BCL's latest sanctions round-up, highlighting key
UK and international developments in sanctions law and
compliance.
This edition covers, amongst other matters, updates to the
UK's sanctions list and developing trends in designation
methodology.
UK designations
Russia: largest UK sanctions package since
2022
- On 24 February, the Foreign, Commonwealth & Development
Office ("FCDO") updated the UK sanctions list with thea
designations of 240 entities, 7 individuals and 50 ships,
constituting the largest UK sanctions package since the early
months of 2022. The designations predominantly target Russia's
ability to generate energy revenues, being aimed in part at a
"shadow fleet" network, Transneft (which the FCDO asserts
transports 80% of Russian oil exports), and key suppliers of
military equipment and dual use goods, some based in China and Hong
Kong. Disinformation networks including Georgian TV channels were
also targeted. This brings the total
