UK Government Tightens Sanctions Against Russian Officials, Updates Regulations

The UK continues to adjust its sanctions in response to the ongoing conflict in Ukraine, with recent updates including the addition of five new entries to the sanctions list targeting high-profile figures in the Russian government. The UK Government has also updated the oil price cap general license, which may have implications for the energy sector. Meanwhile, the UK Court of Appeal recently lifted an anti-suit injunction against RusChemAlliance at the request of UniCredit, highlighting the complexities of legal and financial interactions amid the sanctions regime. As these developments unfold, they raise questions about the efficacy and future direction of UK sanctions against Russia.