Regulation

UK secondary sanctions? Expanding UK Russia sanctions designation criteria

STEPTOE: OUTSIDE COUNSEL
On 31 July 2024, The Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2024 (“Regulations”) came into effect. The Regulations expanded the criteria available to the UK government to designate a person as a target of UK asset freeze and make available sanctions under The Russia (Sanctions) (EU Exit) Regulations 2019 (“Russia Regulations”). The Russia Regulations designation criteria have been progressively widened since February 2022; however, this most recent ...

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