On 18 March 2021, US Secretary of State Antony Blinken issued a threat to companies that remain involved in what he called the “Russian geopolitical project”, saying they risked coming under US sanctions if they continued their work. It is unlikely any of the remaining companies constitute “US Persons” under US law and, if so, […]
US sanctions prompt insurers to withdraw Nord Stream 2 cover Read More »
On 15 April 2021, the Biden Administration introduced a raft of fresh sanctions against 32 Russian individuals and entities in response to alleged cyberattacks and election-interference involving the Russian government. One of those is Pozitiv Teknolodzhiz, AO (Positive Technologies), said by the US to be an “IT security firm that supports Russian Government clients” and
London Market urged to check latest US Sanctions against Russia Read More »
The EU Blocking Regulation (and its new, post-Brexit cousin, the UK Blocking Regulation) is always of interest to the London Market. The Advocate General of the EU Court of Justice has provided some much-needed clarity in relation to a dispute between Bank Melli (an Iranian bank, with a branch in Germany) and Telekom Deutschland (part
ECJ provides clarity on EU Blocking Regulation Read More »
