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Weekly Sanctions Update: June 22, 2026
The US and Iran have signed a 14-point Memorandum of Understanding outlining a phased approach to sanctions relief, while the G7 commits to strengthening Russia sanctions and the UK imposes its largest Russia-related civil penalty to date. Meanwhile, China expands its anti-sanctions legal framework and multiple jurisdictions update their sanctions regimes targeting military procurement networks, shadow fleets, and sanctions evasion activities.
Steptoe LLP