UK Weekly Sanctions Update - Week Of May 20, 2024

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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...
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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 maritime services ban and Oil Price Cap exception: On May 24, 2024, OFSI updated the Oil Price Cap general licence to exclude the supply or delivery of Russian oil by, or provision of relevant services to, "specified ships". OFSI also updated the Oil Price Cap Guidance in relation to ship specification in Section 4.1 and 4.2 and in relation to extraordinary situations in Section 4.4. (Russian Oil Services ban - GOV.UK (
  • UK Government updates guidance on third country processed Russian diamonds measures: On May 21, 2024, the UK Government updated its guidance on third country processed Russian diamonds measures. In particular, the provision of a verification certificate issued by the Federal Public Service Economy at the Diamond Office in Antwerp, Belgium was added as an additional example of documentation demonstrating supply chain history of diamonds processed in third countries. (Guidance on third country processed Russian diamonds measures - GOV.UK (
  • UK High Court issues judgment in Magomedov v Transneft: On May 21, 2024, the UK High Court granted a continuation of an anti-anti-suit injunction against a Moscow court judgment, pending an English court's decision about whether England has jurisdiction to decide the underlying dispute. The underlying dispute relates to proceedings brought by Mr Magomedov and a BVI company he owns in the UK against Transneft for conspiracy to remove Magomedov's interest in PJSC Novorossiysk Commercial Sea Port. A Moscow court previously granted Transneft an anti-suit injunction against these proceedings on the basis that US and UK sanctions on Transneft have the effect of limiting Transneft's access to justice in an English court. (Magomedov & Ors v PJSC Transneft & Ors [2024] EWHC 1176 (Comm) (21 May 2024) (
  • UK Government publishes guidance on sales of oil tankers to third countries under the Russia regime: On May 21, 2024, the ECJU published guidance for parties involved in the sale and brokering of second-hand vessels to third countries. Among other things, the guidance provides information and tools to counter Russian sanctions evasion. (Russia sanctions: sales of oil tankers to third countries - GOV.UK ( (NTE 2024/11: Russia sanctions – Sales of oil tankers to third countries - GOV.UK (
  • UK Parliament debates Russian sanctions: On May 20 and May 21, 2024, the House of Commons and House of Lords debated the efficacy and circumvention of Russian sanctions. Among other things, the UK government stated that it expects the first OFSI monetary penalties in connection with Russia sanctions imposed since February 2022 to be imposed later this year. (Russia: Sanctions - Hansard - UK Parliament)(Ukraine - Hansard - UK Parliament)


  • UK Government adds three entries to the UK sanctions list under the Somalia regime: On May 22, 2024, the UK Government added Abdikadir Mohamed Abdikadir, Mohamed Mohamud Mire and Mohamed Omar Mohamed to the UK sanctions list under the Somalia regime, enacting a decision made by the United Nations the previous day. (Notice_Somalia_220524.pdf (


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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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