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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.
- Two men convicted of illegal international arms trafficking in landmark UK prosecution: On 11 June 2026, David Greenhalgh and Christos Farmakis were found guilty at Southwark Crown Court of multiple counts of illegal arms trafficking under the Export Control Order 2008. Between 2009 and 2016, the pair attempted to broker the supply of controlled military goods from former Soviet states and Eastern European countries to embargoed destinations including Sudan, South Sudan, Libya, Iraq, and Iran. (CPS Press Release, 11 June 2026).
- OFSI publishes new FAQs on UK financial sanctions and PJSC Transneft: On 11 June 2026, OFSI published eight new FAQs (188-195) clarifying how UK economic sanctions apply in relation to PJSC Transneft and associated activities. (UK Financial Sanctions FAQs - GOV.UK).
- OFSI adds FAQ on "date of issue" rules for transferable securities under Russia and Belarus sanctions: On 8 June 2026, OFSI published a new FAQ (FAQ 187) addressing how to determine the "date of issue" of transferable securities and money market instruments for the purposes of the Russia and Belarus sanctions regulations, including where instruments or securities issued pursuant to a mandatory corporate action (MCA) relate to securities or instruments issued prior to the dates referred to in the relevant regulations. (UK Financial Sanctions FAQs - GOV.UK).
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