English Sanctions Litigation And Russian Enforcement Battles

Herbert Smith Freehills Kramer LLP have published an article in the Journal of International Banking Law and Regulation examining the development of English sanctions case law and the growing challenge of Russian enforcement proceedings.

Russia is now among the most heavily sanctioned countries in the world. Since 2014, the United Kingdom, European Union, United States and other jurisdictions have maintained restrictive sanctions measures in response to the illegal annexation of Crimea and have considerably expanded those measures following the full-scale invasion of the Ukraine in 2022. While these regimes are broadly aligned, there are important differences between them meaning that lawful action in one jurisdiction may be unlawful in another jurisdiction.