In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a member of our London Global and Government Trade team listed above.

1. Russia Sanctions

  • OFSI amends general licence for correspondent banking payments: On November 24, 2023, OFSI amended General Licence INT/2023/3566356 which authorises certain correspondent banking payments. The amendment extends the expiry date of the general licence to 14 December 2023. (General_Licence_Trapped_Payments_.pdf (
  • UK ECJU publishes new version of strategic export controls guidance: On November 21, 2023, the UK Export Control Joint Unit published a new version of its guidance on strategic export controls. Among other things, the guidance explains what control lists are, who must comply with export controls and when, how to apply for an export licence and the penalties for non-compliance. (UK strategic export controls - GOV.UK (
  • Recording of webinar with UK Government on Ownership and Control available: On November 21, 2023, a webinar featuring Daniel Drake (Deputy Director, Sanctions Directorate, FCDO) and Bethany Davies (Deputy Director, OFSI), among others, was held to discuss the recent court cases in Mints and Litasco v Der Mond and the recently issued UK Government guidance on ownership and control. A full recording of the webinar is available at

2. Syria Sanctions

3. Other

  • UK and South Korea sign sanction accord: On November 24, 2023, UK Prime Minister, Rishi Sunak, and South Korean President, Yoon Suk Yeol, signed a sanctions accord to strengthen the countries' joint ability to enforce sanctions against North Korea through joint sea patrols, and to prevent the development of North Korea's illegal weapons programme. The accord demonstrates the increased ambition of the UK-South Korean diplomatic partnership, which makes its 140th anniversary this year. (UK and Republic of Korea to enforce sanctions against North Korea through joint sea patrols - GOV.UK (

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.