The UK Government has published The Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2023, which came into force on 30th June 2023.
Existing Regulations on Russia using UK legal professionals to facilitate certain commercial activity benefiting the country are extended by the new release, including blocking legal professionals from advising international companies on lending decisions to Russian businesses, expertise, as well as bolstering government-wide sanctions on goods and services.
Firms should view the amended Regulations and ensure that they comply with sanctions obligations.
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