The Impact of UK Sanctions on Russia for Law Firms


The UK government and governments around the world have imposed additional and far-reaching sanctions with the aim to persuade Russia to withdraw their position threatening the stability and sovereignty of Ukraine. Obligations in relation to financial sanctions is not a new burden on UK law firms. Firms should already have robust policies, controls and procedures in place to prevent breaches of sanctions legislation. What is new, brought about by Russia’s invasion of Ukraine in recent weeks, is the rapid pace of amendments to existing legislation resulting in an unprecedented increase in individuals and entities added to sanctions lists and well as the fast-tracking [...]