The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 19 May 2026 (UK):
The UK Government issued the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2026 (the "2026 Regulations"), which introduce new trade sanctions to the Russia (Sanctions) (EU Exit) Regulations 2019 (the "Russia Regulations"). The 2026 Regulations introduce the following restrictions (among others):
- A new maritime services ban in relation to Russian liquefied natural gas ("LNG");
- A new import ban on certain processed oil products from a third country into the UK derived from Russian oil and oil products;
- Expanded restrictions concerning the provision of services to UK specified vessels (including, among others, technical assistance, chartering, brokering, and financial services);
- Further specification criteria in respect of services provided to sanctioned vessels, and the Russian LNG transport restrictions;
- New restrictions in respect of detained transport assets, uranium, and construction services; and
- Expansion of the list of UK restricted goods subject to export controls.
The new UK measures came into force on May 20, 2026. The UK Government has also issued two related General Trade Licenses concerning:
- The maritime services ban (the "Russian LNG GTL"); and
- Sanctioned processed oil products (the "Sanctioned Processed Oil Products GTL").
Use of the respective GTLs is subject to terms and conditions set out thereunder.
- 19 May 2026 (UK):
The Office of Financial Sanctions Implementation ("OFSI") announced that, in accordance with section 146 of the Policing and Crime Act 2017, a monetary penalty of £165,000 was imposed against Deutsche Bank AG, London Branch ("DBLB") for breaching UK financial sanctions by making funds available to an entity owned by a UK designated person ("DP"), pursuant to regulation 12 of the Russia (Sanctions) (EU Exit) Regulations 2019 (the "Russia Regulations").
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