Author: Dr. Angelika Hellweger 17 October 2022
UK sanctions imposed on Russia to prevent its individuals and organisations buying a range of professional services were analysed by Angelika Hellweger.
In an article, which was published by LexisNexisPSL, Angelika outlines the details and the scope of the sanctions. The sanctions’ aim is to damage the Russian economy by denying it access to IT consultancy, architectural, engineering, accounting and commercial legal services provided by UK firms.
Angelika explains that the ban is the latest UK response to Russian aggression in Ukraine and follows the UK’s May 2022 package of sanctions that banned consultancy firms and PR agencies from working with Russia.
She says that it is not yet clear exactly which legal services will be prohibited under the new UK sanctions - as the relevant legislation has not yet been published – or whether the UK will follow the definition of ‘legal services’ contained in the EU’s eighth sanctions package.
Angelika concludes by emphasising that the scope of the latest UK measures makes it imperative that many businesses monitor their client/customer base on an ongoing basis to ensure that none of the companies or individuals they work for are, or may become, sanctioned entities.
Angelika’s article featured in LexisNexis PSL. (Subscription required)
Angelika is a specialist in international, high-level economic crime investigations and large-scale commercial disputes. She has widely-recognised expertise in representing corporates and conglomerates in Europe, the Middle East, Africa and United States.