Last week, the UK designated Russia's largest oil companies Lukoil and Rosneft on the asset freeze list. Last night, the US followed suit, designating both entities on the SDN list. Today, the EU adopted its 19th sanctions package, targeting the Russian shadow fleet and LNG exports.

On 23 May 2025, the US provided for an immediate relief of sanctions against Syria by the implementation of Syria General License (GL) 25. A few days later, the Council of the EU followed up with the adaptation of legal acts lifting all economic restrictive measures on Syria, apart from measures targeting security. Similar measures are also taken by UK authorities.

Today, the EU adopted its 17th package of sanctions against Russia following the invasion of Ukraine in 2022, targeting primarily the Russian shadow fleet. The new package follows in the footsteps of the UK, who announced their largest package of sanctions against the shadow fleet earlier in May. The UK also announced more than one hundred additional designations today.

As anticipated, the European Union has reached an agreement on its 16th sanctions package against Russia, and the UK has announced its largest package of sanctions against Russia since 2022. The new measures aim to intensify pressure on the Kremlin on the day of the third anniversary of Russia's full-scale invasion of Ukraine. This package highlights the EU and UK's continued commitment to weakening Russia's war capabilities and supporting Ukraine, despite the concerns regarding the US' potential pressure on the EU the alleviate sanctions against Russia.

On Friday 10 January 2025, the US introduced extensive measures targeting the Russian energy sector and Russia's oil revenues. The measures include the designation of 183 vessels, many of which are deemed to be part of the Russian shadow fleet, as well as oil traders, oilfield service providers, marine insurance companies and energy officials. The UK also joined the US in sanctioning the two major Russian oil producers Gazprom Neft and Surgutneftegas.

The EU today adopted the 15th package of sanctions against Russia. We include a key summary of these new measures as well as further updates on recent developments relating to Norwegian, EU, UK and US sanctions.

In this sanctions alert we seek to summarise recent developments relating to Norwegian, EU, UK and US sanctions, including US and UK prohibitions on import of certain Russian-origin metals, wind-down of transactions related to oil and gas sector operations in Venezuela, EU's minimum rules for prosecution of and penalties for violating EU sanctions, and the implementation of the EU's 12th and 13th package of sanctions against Russia into the Norwegian Ukraine Regulation.

Ansvarlig næringsliv og menneskerettigheter

Bærekraft, klima og miljø

Anti-hvitvasking

Granskning og krisehåndtering

Foretaksstraff

Sanksjoner og eksportkontroll

ESG, compliance og risikostyring

Shipping

Advokatfullmektig

Marie arbeider med compliance og krisehåndtering. Hun arbeider bredt innenfor firmaets compliance-praksis, herunder anti-hvitvask, anti-korrupsjon, menneskerettigheter og ansvarlig næringsliv, med et særlig fokus på internasjonale sanksjoner og eksportkontroll. 

Marie bistår internasjonale selskaper med preventiv compliance og krisehåndtering. Hun arbeider for klienter på tvers av en rekke sektorer, herunder industri, shipping og finans. Hun har også erfaring fra secondment hos en internasjonal shippingaktør, hvor hun arbeidet som sanksjonsrådgiver.

Oslo

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Marie arbeider med compliance og krisehåndtering. Hun arbeider bredt innenfor firmaets compliance-praksis, med et særlig fokus på internasjonale sanksjoner og eksportkontroll