Ukraine-Russia conflict [18] – sanctions: strict liability for breaches, asset recovery for evasion

15/6/22: Violation of sanctions now risks a civil penaltyon a strict liability basis in the United Kingdom while the United States andEuropean Union have both banned provision of accounting, trust and corporateand management consulting services to Russia. The EU is also cutting oilimports from Russia, completely by the end of 2022 (with a derogation until theend of 2024 for Bulgaria). Herbert Smith Freehills lawyers bring out thefine detail of these and other measures this month.