Law firm ArentFox Schiff has named Megan Gajewski Barnhill as a partner within its international trade and investment practice, effective immediately. Based in Washington, DC, she will help companies navigate regulatory matters, including US export controls, economic sanctions, anti-boycott regulations and obligations under the Foreign Agents Registration Act. Barnhill’s economic sanctions practice covers primary and ...| Global Trade Review (GTR)
The UK government has outlined how it expects commodities houses, trade finance banks and insurers to comply with an imminent G7 price cap on Russian oil aimed at hitting Vladimir Putin’s war chest while avoiding further price hikes. The November 14 guidance from the Office of Financial Sanctions Implementation (OFSI) on how it will enforce ...| Global Trade Review (GTR)
The workings of the price cap on Russian oil by the G7, European Union and Australia remain uncertain less than two weeks from its start date, with some jurisdictions yet to provide details on enforcement and top traders suggesting they will not resume trading Russian crude. A ban on the provision of financing, insurance and ...| Global Trade Review (GTR)
Stronghold Global Finance, a UK-based trade finance firm, went into administration in August last year following a High Court order.| Global Trade Review (GTR)
The EU has vowed to squeeze the Kremlin’s energy revenues further, imposing fresh sanctions on its network of ageing ships and proposing a lower a price cap on Russian oil.| Global Trade Review (GTR)
The European Commission has finalised reforms requiring all vessels to provide proof of insurance when passing through EU waters, part of a crackdown on a growing fleet of high-risk, ageing tankers. The so-called shadow fleet, a vast number of vessels used to ship fuel without the involvement of western banks and insurers, has grown considerably…| Global Trade Review (GTR)
The US has tightened sanctions on Russian energy trade transactions, removing an exemption introduced in 2022 designed to keep fuel prices stable, although legal experts doubt the reforms will have a widespread effect on banks. When the Office of Foreign Assets Control (OFAC) introduced sweeping sanctions on Russian entities in early 2022, it allowed an…| Global Trade Review (GTR)
