This circular highlights recent key developments in the sanctions imposed against Russia by the UK, EU and US.

The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has continued to focus on international shipping as a means to implement the Iranian sanctions program and has now turned its attention to the bunkering of vessels engaged in Iranian trade or involving Iranian vessels.

On 25 February 2023, the EU adopted its 10th package of sanctions against Russia

[AMENDED 22 JULY] On 21 July 2022 the European Union published a Maintenance and Alignment Package