Russia sanctions legal services. … The Russia (Sanctions) (EU Exit) (Amendment) (No.

Russia sanctions legal services. 833/2014 of 31 July 2014, as amended (the EU Regulation No.

Russia sanctions legal services Sanctions; 05. Antitrust, Regulatory and Trade IT support services include “the provision of technical expertise to solve problems for the client in using software, hardware, or an entire computer system,” while cloud-based services include “the supply of software and associated services via the internet or the cloud, including through Software-as-a-Service (SaaS). government sanctions against Russia in response to the war in Ukraine include a ban on accounting and management consulting services by U. Watch a recording of a government briefing on UK sanctions in relation to Russia. (3) “Russia” is as defined at regulation 39 of the Regulations Restrictions on Professional Services and Cryptoassets . See here for explanatory memorandum accompanying this legislation. Provision of services - European Commission Skip to main content Introduction. See also Notice to exporters 2024/21. Legal services escape latest Russia sanctions. All payments made under this Part must: 8. What we do Industry Sectors. 17) Regulations 2022 came into force on 16 December 2022. 1 It is now prohibited for a person subject to UK sanctions jurisdiction to directly EU court upholds legal service ban to Russian entities The measure was first introduced in 2022 by the European Union as part of sweeping sanctions on Russia in response to its invasion Regulation 54C of the Russia (Sanctions) (EU Exit) Regulations 2019 prohibits a legal or natural person from providing, directly or indirectly, accounting, advertising, architectural, auditing sanctions offensive, by permitting the provision of legal advisory services on these measures. Legal advisory services is defined in Regulation 1904 as covering the provision of legal advice to customers in non-contentious matters, including: commercial transactions, involving the application or interpretation of law; The trust services sanctions apply in the following cases: Persons connected with Russia (PCWR): Since 16 December 2022, it is prohibited to provide new trust services to or for the benefit of PCWR. On 5 September 2024, the UK amended the scope of its Russia sanctions relating to the provision of certain legal advisory services to non-UK persons, as contained in Regulations 54D and 60DB of On 29 June 2023, the UK introduced further restrictions to The Russia (Sanctions) (EU Exit) Regulations 2019 (“UK Russia Regulations”) through the Russia (Sanctions) (EU Exit) (Amendment) (No. The sanctions announced Sunday "prohibit U. The U. Prohibitions and requirements imposed by the Russia (Sanctions) (EU Exit) reasonable professional fees for or reasonable expenses associated with the provision of legal services; means the Russia (Sanctions) (EU Exit) Regulations 2019 (2019/855). of the Legal Services nor to any other act in relation to the provision of the Legal Services. 9 billion) in private Russian assets and 210 billion euros ($232 billion) of Russia’s central bank funds in the EU, banned Russians from bidding on public contracts, restricted financial flows to Russian businesses, barred This includes sanctions against Russian oligarchs, Russian President Vladimir Putin and others in his inner circle. Since then, the legal industry has raised a number of concerns about the drafting of the relevant legislation, culminating in the issuance of a new general licence (the "GL") which seeks to address some of the most significant unintended The General Court of the European Union has rejected challenges to the EU prohibition on providing legal advisory services to the Russian Government and Russian entities – press release – brought by: T-797/22, the Brussels Bar Association and several Belgian lawyers T-798/22, the Paris Bar Association and one of its members T-828/22, the Association The Russia (Sanctions) (EU Exit) (Amendment) (No. US president Joe Biden's statements and a short question and answer session on 24 February 2022. 4) The new regulations amend the existing Russia (Sanctions) (EU Exit) Regulations 2019 by adding a new definition of “legal advisory services”, which means the provision of legal advice to clients in non-contentious Searchable database of legal alerts, bulletins, news, Services; Legal Updates. 3) Regulations 2023 will extend existing regulations on Russian entities using UK legal professionals and could block legal professionals from Russian Sanctions legal advisory services general trade licence has been revoked. Given the frequency with which different jurisdictions impose new sanctions on Russia and the detailed and nuanced nature of the sanctions updates, businesses exposed to sanctions-related developments in Russia should obtain up-to-date legal advice before taking any steps that may have legal consequences. be paid directly to an account held in The UK has adopted The Russia (Sanctions) (EU Exit) (Amendment) (No. securities and money-market instruments issued after April 12, 2022 ” In On 4 May 2022, the UK Government announced a ban on services exports to Russia, and as at 21 July 2022 that ban is now in force by virtue of regulation 54C of The Russia (Sanctions) (EU Exit) Regulations 2019 advice. Skip Navigation Our people; Expertise; (Amendment) (No. Western countries and others imposed sanctions on Russia after it recognised the independence of its occupied territories, the so-called Our work also includes research on legislative developments in Washington and Brussels; the use of economic sanctions as a foreign policy tool more broadly; the implementation of country-based sanctions regimes (such Last updated 28 November 2022. . 207, is authorized, provided that any receipt of payment of professional fees and reimbursement of incurred expenses must be authorized pursuant to § In October a bipartisan group of more than 50 members of Congress wrote to the Biden administration demanding tougher sanctions on US-based oilfield services companies operating in Russia Russia is highly dependent on Western countries for legal services with 85% of all legal services being imported from G7 countries – given London is an international legal centre, the UK European companies still operating in Russia are scrambling to comply with a new EU sanctions provision that could significantly alter the way they do business in the country. IT support services include “the provision of technical expertise to solve problems for the client in using software, hardware, or an entire computer system,” while cloud-based services include “the supply of software and associated services via the internet or the cloud, including through Software-as-a-Service (SaaS). According to the Government’s announcement, the UK previously exported £56 million in legal services to Russian businesses every year. — Meaning of legal advisory services 'Notice to exporters 2024/21: update on Russia sanctions legal services and revocation of legal advisory services general trade licence' added to collection. 4. 17) Regulations 2022 expand on similar regulations introduced in October 2022, which omitted the export ban on Russian access to transactional legal advisory services UK and EU sanctions targeting Russia (2022) As a consequence of Russia's recent illegal invasion of Ukraine, the international community has swiftly imposed wide-ranging sanctions on Russia. UK As an update to our previous post on the 900 or so sanctions investigations started by Finnish Customs since the start of 2022, we can provide a more detailed breakdown of those figures. It was As of 4 June 2022, it is prohibited to provide, directly or indirectly, accounting, auditing, including statutory audit, bookkeeping and tax consulting services, as well as business and SRA Update: Following an amendment to the Russia (Sanctions) (EU Exit) Regulations 2019 (the Russia Regulations) on 29 June 2023, restrictions are now in force on On 5 September 2024, the UK amended the scope of its Russia sanctions relating to the provision of certain legal advisory services to non-UK persons, as contained in Regulations 54D and Due to the new sanctions measures of the eighth sanctions package, the existing ban on the provision of certain services (specifically, accounting, auditing, tax consulting, Russian Sanctions legal advisory services general trade licence has been revoked. Russia heavily relies on Western countries, particularly the UK, for legal expertise. These new amendments demonstrate the UK’s further efforts in imposing penalties against sanctions breaches and is seen to be specifically targeted at firms dodging Russian sanctions. Prior to this prohibition the provision of legal services was already partially restricted by various provisions of the Russia Regulations relating to circumvention, and the facilitation or enabling of sanctions breaches, as well as prohibitions on ancillary services related to trade in sanctioned goods and technologies. The amendment to paragraph 8A(1)(b) clarifies that legal advisory services do not The update of the exceptions to the ban on legal advisory services under the UK Russian sanctions regime took effect on Friday 6 September. The Ukraine-/Russia-related Sanctions program represents the implementation of multiple legal authorities. , non-EU tankers: complicit in circumventing the oil price narrowing the scope of the prohibition on the provision of legal advisory services under The Russia (Sanctions) (EU Exit) Regulations 2019. Check the statutory guidance on the Russia On 24 June 2024, legal acts formalising the 14th package of restrictive measures (sanctions) of the European Union (“EU”) were published and entered into force, including: Council Sanctions related to Russia were imposed under the Special Economic Measures Act in order to respond to the gravity of Russia’s violation of the sovereignty and territorial integrity of Ukraine, and grave human rights violations that have been committed in Russia. The general trade licence has been revoked following a change to the Russia Sanctions Regulations, which meant it was no longer required (see the entry below regarding The Russia (Sanctions) (EU Exit) On 15 December 2022, the UK adopted the 17 th amendment (the "17 th Amendment") to the UK's sanctions against Russia, The Russia (Sanctions) (EU Exit) Regulations 2019 (the "UK Regulations"). This alert summarizes the current state of Targeting Russia's shadow fleet: One of the primary aims of the 15 th package is to target circumvention of EU sanctions by Russia's so-called "shadow fleet" (i. U. UK Government introduces statutory instrument to amend legal advisory services ban and revokes legal services general licence:On September 6, the UK introduced The Russia (Sanctions) (EU Exit) (Amendment) (No. 2. 3) Regulations 2023 (hereinafter, the “Amendments”), which introduced a new prohibition on the provision of legal advisory services in relation to Russia, subject to certain exemptions. New restrictive measures widen the scope of professional services that EU persons can no longer provide to the government of Russia or legal entities established in Russia. US economic sanctions are administered by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC). Following a review of the professional and business services sanctions in place under Regulation 54C of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia sanctions When do Trust Services Sanctions Apply? Persons Connected with Russia Since 16 December 2022, it has been prohibited to provide new trust services to or for the benefit of “persons connected with Russia” (“PCWR”). 8. 3) Regulations 2023 come into force which restrict provision of legal advisory services to Russian and other companies in connection with certain activities prohibited by the Russia (Sanctions) Regulations. The legal definition of PCWR can be found in section 19A(2) of the Russia (Sanctions) (EU Exit) Regulations 2019. Other authorities are public laws (statutes) passed by The Congress. Crucially, for Guernsey trust and corporate service providers, Regulation 18C was added to the existing regulations, and targets the provision of trust services to, or for the benefit of, designated persons, (meaning those subject to sanctions), and persons connected with Russia, (meaning those ordinarily resident or located in Russia). On June 30, 2023 the Russia (Sanctions) (EU Exit) (Amendment) (No. A key element of the sanctions framework is Regulation 833/2014, which restricts trade in a long list of goods and services - including specified ‘business services’ - between EU persons (anywhere in the world) and specified Russian entities/persons. UK Legal Services Ban. 3) Regulations 2023 (the “Amending Regulation”). The government have recently issued further guidance in relation to the statutory instrument that came into effect on the 21 July 2022 imposing the ban on accountancy and other services to persons connected with Russia. IT consultancy and design services are defined in Schedule 3J to The Russia (Sanctions) (EU Exit) Regulations 2019 paragraph 8 to On 30 June 2023, the Russia (Sanctions) (EU Exit) (Amendment) (No. 2022-05-05T12:09:00+01:00. Document the outcome. 17) Regulations 2022 came into force on 16 December 2022, and amend the Russia (Sanctions) (EU Exit) Regulations 2019 This Russia Sanctions Tracker is a high-level summary of the measures imposed by Japan following Russia's invasion of Ukraine in February 2022. Sanctions. The newly adopted ‘Russia is highly dependent on Western countries for legal services with 85% of all legal services being imported from G7 countries – given London is an international legal centre, the UK On 02 November 2024, the Treasury issued General Licence IOM/2024/RUS043 under regulation 64 of the Russia Sanctions (EU Exit) Regulations 2019 (the 'Regulations'), as they have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 [SD 2024/0118]. 17) Regulations 2022. The sanctions take aim at 10 of Russia’s largest banks, which hold nearly 80% of the nation’s banking assets. US Sanctions The US Treasury Department’s Office of Foreign Assets Control (“OFAC“) designated eight Venezuelan individuals as Specially Designated Nationals The Russia (Sanctions) (EU Exit) Regulations 2019(c) are amended in accordance with these Regulations. 201, or to whom the provision of legal services would be prohibited by § 589. But legal services remain untouched by the latest wave of sanctions, the Gazette understands, On May 8, 2022, the U. 4. 2 September 2024. Some of these authorities are in the form of an executive order issued by the President. With only a few calendar days left in the current presidential administration, on January 10, 2025, the US government issued the latest round of sanctions targeting Russia’s revenue sources used On 4 May 2022, the UK Government announced a ban on services exports to Russia, and as at 21 July 2022 that ban is now in force by virtue of regulation 54C of The Russia (Sanctions) (EU Exit) Regulations 2019 (as amended by The Russia (Sanctions) (EU Exit) (Amendment) (No. In its announcement, the Government notes that Russia “is highly dependent on Western countries for legal services with 85% of all legal services being The update of the exceptions to the ban on legal advisory services under the UK Russian sanctions regime took effect on Friday 6 September. 3) Regulations 2023 (SI 23/713) (the "Amendment") came into effect, amending the Russia (Sanctions) (EU Exit) Regulations 2019 (the "UK Russia Sanctions"). with regard to the provision of Legal Services under Part B, the hourly rates do not exceed those set out in paragraphs 7 means legal services provided to a DP, including legal advice and/or representation in court, whether provided within the UK or another jurisdiction, in relation to any matter except a claim for defamation means the Russia (Sanctions) (EU Exit) Regulations 2019 (2019/855). Prior to the Frequently asked questions on trusts services concerning sanctions adopted following Russia’s military aggression against Ukraine Author: European Commission Subject: Frequently asked questions on trusts services concerning sanctions adopted following Russia s military aggression against Ukraine Created Date: 7/8/2022 3:29:36 PM In its continuing response to Russia’s invasion of Ukraine, the U. Article 5m prohibits the provision of management services 1 and fiduciary services 2 to trusts or similar legal arrangements with Russian connections, unless the settlor or beneficiary is a national of an Legal Framework for the Ukraine-/Russia-related Sanctions. Legal advisory services 3. Legal advisory services are defined in Schedule 3J (paragraph 8A) to the Russia (Sanctions) (EU Exit) Regulation 2019/855 as: 8A. 13) is conferred These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 5 Estimates suggest 80% of Russian imports in accounting, audit, bookkeeping and tax consultancy come from Prohibition of provision of services by European CSDs: The European measures prohibit EU-established central securities depositories (CSDs) to provide any services as defined in the Annex of Regulation (EU) No 909/2014 (CSDR) for Click here to download the full client alert with footnotes. ” 54D. Part A is only used to pay for individual matters within the Legal Services which were commenced before the DP was designated; and 7. The UK introduced restrictions on the provision of legal services to Russia in June 2023 (as summarised in our previous post). S Provision of Certain Professional Services to Russia Prohibited under U. A guidance note for trustees and trust companies providing an overview of the latest UK sanctions on providing trust services to persons connected with Russia. Meanwhile, a Bar Standards Board A notary in Germany refused to authenticate a contract for the sale of an apartment owned by a Russian company on the grounds that it might breach the EU prohibition on providing legal advisory services to Russian companies. Skip to main content Search . The application is to annul the following in so far as [] The UK has today (6 September 2024) enacted The Russia (Sanctions) (EU Exit) (Amendment) (No. architectural and engineering services; IT consultancy services; and; legal advisory services. S energy-related services (under the Russia sanctions regime), such as drilling, well testing, logging and completion services or the supply of specialised floating vessels On 4 May 2022, the UK Government announced a ban on services exports to Russia, and as at 21 July 2022 that ban is now in force by virtue of regulation 54C of The Russia (Sanctions) (EU Exit) Regulations 2019 (as amended by The Russia (Sanctions) (EU Exit) (Amendment) (No. 3. 31 October 2023 Expired status The key sanctions imposed throughout 2024 in response to Russia’s military activity in Ukraine, including the EU’s 15th package of economic and individual restrictive measures against Russian On 12 April 2023, the UK Government announced that several individuals and entities identified as 'financial fixers' for Russian oligarchs had been designated for the purposes of the asset freeze (as well as other sanctions, including travel bans and trust services prohibitions) under the Russia (Sanctions) (EU Exit) Regulations 2019 (the Russia Regulations). The EU has sanctioned more than 2,200 Russian individuals, businesses and government agencies, frozen about 28 billion euros (about $30. As of October 7, 2022, the provision of engineering and architectural services, as Significant legislative changes have been made to the UK’s sanctions regime in the first half of September 2024, namely: empowering the new Office for Trade Sanctions Implementation as the enforcement body for certain trade sanctions, including the ability to impose civil monetary penalties on a strict liability basis; and narrowing the scope of the EXTENSION OF UK SANCTIONS AGAINST RUSSIA TO INCLUDE PROVISION OF LEGAL ADVICE SERVICES On 30 June 2023, the Russia (Sanction) (EU Exit) (Amendment) (No. Provision of Certain Professional Services to Russia Prohibited under U. International Trade Update. (e) Meaning of legal advisory services: Amendments have been made to the definition of legal advisory services at paragraph 8A of Schedule 3J to the 2019 Regulations. 4) Regulations 2024, SI 2024/900, amend the Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855 to amend the prohibition on the provision of certain legal advisory services to clarify the knowledge a person must have before the prohibition applies. Francesca M. Such services include IT consultancy, legal advisory, architectural and engineering services. Antitrust, Regulatory and Trade Banking and Finance (c) any legal or natural person providing brokering services located in or operating from within the UK or which is a United Kingdom person as defined in regulation 2 of the Regulations operating anywhere in the world, engaging in any activity authorised at paragraphs 1 to 4. This Russia Sanctions Tracker is a high-level summary of the measures imposed by EU following Russia's invasion of Ukraine in February 2022. 3) Regulations 2023 further amended the UK-Russia Regulations to introduce a restriction on the provision by UK persons of certain legal services in particular circumstances, subject to This forms part of the strongest sanctions regime ever introduced in the UK. The Statutory Instrument amends The Russia (Sanctions) (EU Exit) Regulations 2019 by introducing Regulation 54C, Sanctions List Ref):RUS1816. This bans UK lawyers from providing ‘legal advisory services’ directly or non-directly to a person who is not a UK person in respect of certain activities*. All Legal Services. In 2017, however, OFAC also issued a legal services Compliance Guidance, which clearly states that a U. (UK Statement of Reasons):Gulnara Suleimanova KERIMOVA is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the following grounds: (1) KERIMOVA is acting All Legal Services. — [F3 (1) A person must not provide legal advisory services directly or indirectly to any person (“ C ”) who is not a United Kingdom person knowing that the object or effect of those services is to enable or facilitate any activity being carried out, or proposed to be carried out, by C, (“the relevant activity”), whether or not C is a person in the United Kingdom, Russia’s central bank: The EU already prohibits the “direct or indirect trade in investment services for . The new legislation introduces and expands on current trade and General Trade Licence: Russia sanctions: Legal Advisory Services – revoked. On January 10, 2025, OFAC General Licence INT/2023/3744968 was amended to also permit activity that would otherwise breach the prohibitions in Regulation 17A of the Russia Regulations. Last year, the previous UK government legislated to introduce a ban relating to the provision of legal advisory services to non-UK persons in the context of activity prohibited under the UK’s financial and trade sanctions. Consider whether legal services or payments have been, are or are about to be provided to clients, entities or third parties from or connected to Russia/Belarus. service providers may continue offering services related to the maritime transport of Russian crude oil and petroleum products to non-sanctioned persons in Russia's On 11 August 2023, the UK Department for Business and Trade issued the Legal Advisory Services General Trade Licence (the “General Licence”) which came into force immediately. The measures taken, which apply to those practising law in the EU, include a prohibition on providing legal-advisory services to the Russian government or to legal persons, entities As noted in our client alert of June 30, 2023, on June 29, the UK Government issued the Russia (Sanctions) (EU Exit) (Amendment) (No. (a) The power to make regulations under Part 1 of the Sanctions and Anti-Money Laundering Act 2018 (c. Accounting, Trust and Corporate Formation, and Management Consulting Services Ban On May 8, 2022, the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”), in consultation with the US Department of State, issued a Determination Pursuant to Section 1(a)(ii) of Executive Order 14071 (“EO 14071 Determination”) determining that the FAQs on sanctions against Russia and Belarus, with focus on the following provision: Article 5n of Council Regulation (EU) No 833/2014. 4) Regulations 2024, amending The Russia (Sanctions) (EU Exit) Regulations 2019 (notice), to make it clear that the provision of legal advisory services, which may otherwise be restricted by regulation 54D of the Russia Regulations, are permitted on or in connection [] Which sanctions has the EU adopted so far? Since the start of Russia's full-scale invasion of Ukraine on 24 February 2022, the EU has imposed massive and The Russia (Sanctions) (EU Exit) (Amendment) (No. It states that the UK On 30 June 2023, a new UK sanctions prohibition on the provision of legal advisory services came into effect. They are extremely complex and rapidly This Russia Sanctions Tracker is a high-level summary of the measures imposed by Australia following Russia's invasion of Ukraine in February 2022. S. The Paris Bar Association, Julie Couturier (T-798/22), Dutch Bar Association of the Brussels Bar and 10 other applicants (T-797/22) have brought annulment actions challenging the EU restrictions on the provision of legal advisory services to the Government of Russia & bodies established in Russia. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions against Russia, including a ban on the provision of certain categories of services to Russia. On Sunday, May 8, the White House announced a new round of sanctions related to Russia, including a ban on certain services exports to Russia. To hit Russia’s economy, which is highly dependent on the import of services from European companies, the EU has prohibited the provision of certain business Russia imports 67% of its services, relying heavily on services by sanctioning countries. The sanctions regime applies to all firms that provide legal services, not just those that are captured by the anti-money laundering regulations. As a result of this amendment the Legal Advisory Services General Trade Licence, which was put in place to facilitate licensing of certain legal services, is no longer required. The Russia (Sanctions) (EU Exit) (Amendment) (No. Sanctions List Service; Specially Designated Nationals (SDN) List; Russia-related Sanctions; Iran Sanctions; North Korea Sanctions; Cuba Sanctions; Counter Narcotics Sanctions; Cyber-related Sanctions; Venezuela-related Sanctions; Complete List of Sanctions Programs and Country Information; Submit a Report; Contact Us; The announcement explains that “Russia is highly dependent on Western countries for legal services with 85% of all legal services being imported from G7 countries”. The FAQs cover Russia and the Russian oil services ban, general licensing and the legal services general licence. person may opine on the legality of a transaction under U. In response to those concerns, the UK government has issued a general licence that permits the provision of legal advice in relation to compliance with sanctions imposed against Russia by any jurisdiction. persons are now prohibited from providing accounting, trust and corporate formation, and management consulting services to any person in the Russian Federation. Banks All Legal Services. The City of London Law Society (CLLS) told the Ministry of Justice that the language used had “created a problem for the UK legal services industry in the UK and beyond”, including for non-Russian companies On January 10, 2025, the Japanese government announced further sanctions against the Russian Federation under the Foreign Exchange and Foreign Trade On 30 September, the Department for Business & Trade announced that, following a review of the professional and business services sanctions in the Regulations, the government had determined to remove the provision of services from UK parent companies (and their UK subsidiaries) to their Russian subsidiaries as a licensing consideration in the UK's Russia On January 15, 2025, OFAC followed these actions with additional Russia-related sanctions targeting cross-border sanctions evasion and Russia’s military industrial base, including the Within the legislative framework incorporating the nine sanctions packages, at Article 5n of Council Regulation (EU) No. Following Russia's invasion of Ukraine, a broad range of sanctions and export controls have been imposed by the US, the EU, the UK, Australia and Japan, amongst others. The blog . Updated guidance on Russia Sanctions has been published in order to reflect the changes introduced by the latest legislation. citizens. Sanctions against Russia – How to ensure due process of sanctioned parties in court or arbitral proceedings while at the same time enforce the sanctions regime, Global Arbitration News, December 14, 2022 Russia imports 67% of its services, relying heavily on services by sanctioning countries. The new law introduces minimum rules for the enforcement of, and penalties relating to, On 20 February 2023, the actions brought by the Ordre néerlandais des avocats du barreau de Bruxelles and Others v Council (reference: Case T-797/22) and by the Ordre des avocats à la cour de Paris and Couturier v Council (reference: Case T-798/22) against the ban on legal advisory services contained in the EU’s 8th sanctions package against Russia were published Russia’s dependence on UK legal expertise. The next day, the EU adopted the 9 th package of sanctions against Russia, which amended EU Regulation No 833/2014 ("EU Regulation 833"). I. Notably, Russia imports 85% of its legal services from the G7 countries, with the UK accounting for 59% of that figure. 3) Regulations 2023 (SI 2023/713), expands the professional service prohibitions in chapter 6B of the Russia Regulations with the creation of a new prohibition on A ban on UK lawyers providing ‘legal advisory services’ to Russians comes into force today as the government ratchets up sanctions following the Ukraine invasion yet further. Estimates suggest 80% of Russian imports in accounting, audit, bookkeeping and tax consultancy come from the UK, EU and U. and providing financial services or legal advice in violation of sanctions. The latest package of sanctions will also include prohibitions on the provision of transactional legal services to Russian businesses and entities. The General Licence was issued following the amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (the “UK Russia Regulations”) earlier in June (the “Amending Regulation”) Indeed, the newly-imposed ban on legal advisory services comes in addition to sectoral sanctions in place against Russia, which prohibit not only the conclusion and performance of contracts involving exports and imports of certain goods or technology or involving certain activities, but also the provision of services related to such goods or On 8 April 2022, the EU added Article 5m to Regulation (EU) No 833/2014 (the "Regulation") as part of the 'fifth package' of EU sanctions against Russia. Both amendments expanded Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”) and Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (“the Belarus Regulations”) which will take effect following the expiry of Legal Services General FAQ 1217 confirms that U. On March 17, 2014, the Special Economic Measures (Russia) Regulations (“the Regulations”) came into force. 17 January 2025 Share. 14) Regulations 2022) (the Regulations). The Export Control Joint Unit (ECJU) has published a General Licence for the provision of certain legal advisory services. Introduction. —(1) Regulation 54D is amended as follows. Sanctions and Asset-Freezing (Jersey) Law 2019; Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021; Complying with professional and business services sanctions related to Russia - GOV. Antitrust, Russia Sanctions Tracker . The ban applies to all UK persons, wherever they are located, and persons In relation to Russia, the UK has introduced a new sanctions prohibition on the provision of legal advisory services, amended the process for the investigation of trade sanctions offences, and added the Kherson and Zaporizhzhia oblasts to the definition of "non-government controlled Ukrainian territory". This tracker provides a high-level summary of the measures imposed by each of the UK, EU, Japan and Australia following Russia's invasion of Ukraine in February 2022. Failure to abide by the relevant restrictions could trigger criminal and/or civil penalties. The EU’s Russian sanctions regime has been constantly evolving and adapting since February 2022. placed them on a Specially Designated National and Blocked Persons list. Services Under Amendment 17, UK persons anywhere in the world, as well as any persons in the UK, are prohibited from providing, among other services, “IT consultancy and design services” to persons connected with Russia. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S. The Hungary’s Viktor Orbán has signalled he could veto the renewal of EU sanctions against Russia unless Ukraine guarantees the reopening of Russian gas exports through its territory. The UK’s legislation introducing a ban on the provision of certain legal advisory services came into force on June On January 10, 2025, in a multilateral sanctions action, the US, Canada, EU, and UK sanctioned various Venezuelan individuals linked to the Venezuelan government and prominent state-owned entities. Today, we are further sharpening our sanctions to close off UK trust service providers from providing trust services to designated persons. Solicitors should consider the potential applicability of Legal acts Jersey. 833/2014), the All law firms must comply with the sanctions regime. means legal services provided to a DP, including legal advice and/or representation in court, whether provided within the UK or another jurisdiction, in relation to any matter except a claim for defamation means the Russia (Sanctions) (EU Exit) Regulations 2019 (2019/855). e. This briefing summarises the new prohibition, The new Regulations expand the existing professional and business services restrictions to prohibit the provision, directly or indirectly, of auditing, advertising, architectural, engineering, and IT consultancy and Ban on transactional legal services. 22. 833/2014 of 31 July 2014, as amended (the EU Regulation No. This new law is set to strain the relationship between Russia and UK even further. ” Sanctions Lists. 2019/855) (the “2019 Regulations”). The latest restrictions, as with other sanctions imposed upon Russia, are targeted at holding Russia to account for the war in Ukraine and to increase the economic pressure on Russia. Our global team analyses the latest developments and the impact they will have on businesses. 7. . They amend the prohibition on the provision of certain legal advisory services to clarify the knowledge a person must have before the prohibition applies. The latest OFAC sanctions package was imposed in conjunction with new export controls on industrial goods implemented by the U. Click on the links below services before 8 March 2022 and no such reinsurance cover has, as a matter of applicable law, been rendered unenforceable, suspended, frustrated or prohibited by any applicable sanctions, or (b) the provision of reinsurance services in relation to aviation and space goods or aviation and space technology, otherwise Expanded U. government has deployed a whole-of-government approach to impose sanctions and Check OFSI's frequently asked questions (FAQs) for guidance and technical information on UK sanctions. Professionals. The principal change enacted by the Amending Regulation is the introduction of restrictions on the provision of General Trade Licence (Russia Sanctions – Legal Advisory Services) dated 11 August 2023 granted by the Secretary of State. This briefing summarises the new prohibition, (a) The provision of the following legal services to or on behalf of persons whose property and interests in property are blocked pursuant to § 589. The General Licence permits the direct or indirect General Court Confirms Validity of Legal Services Ban on Russian Entities: On October 2, 2024, the General Court of the EU ruled on challenges brought by several bar STOP PRESS: From 6 September 2024, The Russia (Sanctions) (EU Exit) (Amendment) (No. 13. City lawyers complained last summer that the latest tightening up of the Russian sanctions regime for legal services, which came into force in June 2023, had gone too far and would “weaken, rather than strengthen” the UK’s sanctions regime. City lawyers have warned the government that the recent tightening of sanctions on lawyers providing legal advisory services to Russians has gone too far. The notary referred the issues to the Berlin regional court which referred questions to the European Court [] An EU court has dismissed a challenge to EU restrictions on the provision of legal services to Russia that were introduced after the invasion of Ukraine in 2022. Financial sanctions imposed in addition to an asset freeze: Trust services. 1. Notice to exporters 2024/21: update on Russia sanctions legal services and revocation of legal advisory services The EU Commission yesterday updated its Russia sanctions FAQs on business services by adding an overview table of the EU restrictions on services (see Annex) and FAQs 9 – 13: How is the sectoral scope for ‘IT consultancy services’ defined in relation to Art 5n (2) of Council Regulation 833/2014? Do the measures on ‘IT [] Due to the new sanctions measures of the eighth sanctions package, the existing ban on the provision of certain services (specifically, accounting, auditing, tax consulting, management consulting and communications consulting) to legal entities established in Russia has been extended. 4) Regulations 2024 came into Wealthy individuals and big businesses linked to the Russian regime will be further restricted from accessing UK legal expertise to carry out deals that could bolster the nation’s war chest – As of October 7, 2022, the provision of engineering and architectural services, as well as IT consulting and legal services, to legal entities established in Russia is also generally In a significant (and in some important respects, ill-thought through) development in the UK's sanctions landscape, the government has brought into force amendments to the Russia (Sanctions) (EU Exit) On June 30, 2023, the UK expanded its Russia-related sanctions by banning the provision of certain legal advisory services to non-UK persons. sanctions laws, including by providing a legal opinion, On 29 June 2023, the UK Government announced new legislation that prohibits the provision of legal advisory services to non-UK persons in relation to certain financial or trade activity which Absent experienced legal oversight, even garden-variety business activity (for example, a company’s payment of employees based in Russia) could potentially run afoul of current sanctions and export controls. The Secretary of State, in exercise of powers conferred by the Russia (Sanctions) (EU Exit) Regulations 2019 (the "Regulations") and in The Russia (Sanctions) (EU Exit) (Amendment) (No. Date trust services sanctions imposed: 11/04/2023. pmwrcdp kzbcp zwabsz pdag aipq ised aoy gibo qvb kpa