UK Weekly Sanctions Update - Week Of May 13, 2024

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In this weekly update, we summarise the most notable updates in the UK sanctions world.
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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.








  • UK Government updates Counter-Terrorism sanctions guidance: On May 16, 2024, the UK government updated its Counter-Terrorism sanctions guidance to reflecting new immigration measures what are due to come into force on 5 June 2024. (Counter-Terrorism sanctions: guidance - GOV.UK (


  • UK Government updates enforcement and monetary penalties guidance: On May 16, 2024, the UK government amended its enforcement and monetary penalties guidance to reflect HM Treasury's power to impose monetary penalties for breaches of a designated person's asset reporting requirement under Regulation 56C of The Republic of Belarus (Sanctions) (EU Exit) Regulations. (Financial sanctions enforcement and monetary penalties guidance - GOV.UK (
  • UK Government updates guidance on reporting information to OFSI: On May 16, 2024, the UK Government updated its guidance on reporting information to OFSI by adding reporting requirements for the Belarus regulations. (Reporting information to OFSI – what to do - GOV.UK (
  • OFSI updates general guidance on UK financial sanctions: On May 16, 2024, the OFSI updated its general guidance on UK financial sanctionsinter aliato reflect the reporting requirements in Regulation 38A of the Belarus Regulations and the monetary penalty regime for breaches such of reporting obligations. (UK financial sanctions general guidance - GOV.UK (
  • UK updates "export for exhibition: military goods" OGEL: On May 15, 2024, the ECJU updated the open general licence "export for exhibition: military goods" to update to the MOD's contact details. (NTE 2024/10: updates to the open general licence export for exhibition: military goods - GOV.UK (
  • UK Supreme Court issues judgment in RTI Ltd v MUR Shipping BV: On May 15, 2024, the UK Supreme Court overturned the Court of Appeal's judgment in Mur Shipping BV v RTI Ltd. The case concerned the reliance of a party on a force majeure clause to suspend its contractual obligations under a shipping contract on the basis that US sanctions prevented payments in US Dollars. The Court of Appeal had held that accepting the offer of payment in Euros would have "overcome" the force majeure by "reasonable endeavours". The Supreme Court disagreed and held that "reasonable endeavours" wording in a force majeure clause cannot require accepting an offer of non-contractual performance by the other party. MUR was therefore entitled to require payment be made in US dollars only (notwithstanding US sanctions targeting the owners of RTI), even though RTI had offered to make payment in Euros. (RTI Ltd (Respondent) v MUR Shipping BV (Appellant) (
  • UK Supreme Court grants permission for Eugene Shvidler appeal: On May 14, 2024, the UK Supreme Court gave permission to Eugene Shvidler to appeal against a Court of Appeal judgment upholding sanctions against him. Mr Shvidler was designated in March 2022 for being associated with a person, Roman Abramovich, who is involved in obtaining a benefit from Russia and for being a director of Evraz PLC, an entity carrying on business in sectors of strategic significance to the government of Russia. (See Court of Appeal judgment at:
  • OFSI amends general guidance on UK financial sanctions in respect to licensing approach:On May 13, 2024, OFSI updated Section 6 of its general guidance in respect to OFSI's approach to licensing grounds for UK sanctions regimes, including updating the definitions for Extraordinary Expenses and Extraordinary Situations. (UK financial sanctions general guidance - 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.

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