Abstract

Rahman Ravelli’s Aziz Rahman and Zulfi Meerza detail the main points of the UK’s latest sanctions on Russia. On 15 December 2022, the UK adopted the Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022 (the Regulations), which implement new financial and trade sanctions. The new measures are significant as they expand the scope of the prohibition on professional and business services. They were expected, following the UK government’s announcement on 30 September 2022 in response to Russia’s illegal annexation of Ukrainian regions. The new measures also introduce a new prohibition on the provision of trust services to Russia. This was a development that was anticipated as the European Union (EU) has introduced similar provisions. It is important to note, however, that the proposed ban on “transactional legal advisory services” has not yet been introduced at this stage.

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