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Money Laundering Bulletin

Ukraine-Russia conflict [23] - sanctions: UK further limits loans to Russia and trade

1/11/22: At the end of October the United Kingdom tightened restrictions on lending to Russia and banned imports of liquefied natural gas from the country, effective 1 January 2023. Additional proscriptions now apply to imports of gold, including jewellery (other than personal effects in luggage en route from Russia) and to the export and sale of 'vulnerable goods', as well to associated services. Susannah Cogman and Elizabeth Head of Herbert Smith Freehills read into the amended regulations. Also included: an update, to 3/11/22, on Australian measures against Russia.

1/11/22: At the end of October [2022] the United Kingdom tightened restrictions on lending to Russia and banned imports of liquefied natural gas from the country, effective 1 January 2023. Additional proscriptions now apply to imports of gold, including jewellery (other than personal effects in luggage en route from Russia) and to the export and sale of 'vulnerable goods', as well to associated services. Susannah Cogman and Elizabeth Head of Herbert Smith Freehills read into the amended regulations. Also included: an update, to 3/11/22, on Australian measures against Russia.

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