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Banking & Finance weekly briefing: sanctions cooperation and Supreme Court test; aviation finance anti-suit ruling; capital markets; derivatives/margining; LMA green loans; digital assets; AI blueprint — 16 January 2025

Published on: 16 January 2025

Published by a LexisNexis Banking & Finance expert
Legal News
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In this issue:

  • Sanctions
  • Aviation finance
  • Debt capital markets
  • Derivatives
  • Sustainable finance
  • Technology in banking & finance transactions
  • Regulation for banking lawyers
  • Daily and weekly news alerts
  • New and updated content
  • Useful information

Sanctions

HM Treasury announces MoU between OFSI and OFAC on the implementation and enforcement of sanctions

The HM Treasury has released details of a memorandum of understanding (MoU) linking the UK's Office of Financial Sanctions Implementation (OFSI) with the US Office of Foreign Assets Control (OFAC). The arrangement seeks to deepen co-operation by enabling the sharing of information relevant to the implementation and enforcement of financial sanctions. The MoU marks a significant advance in reinforcing UK–US collaboration on global financial sanctions matters. See: LNB News 14/01/2025 7. Source: OFSI-MoU.

FCDO announces new sanctions on Russian oil giants

The Foreign, Commonwealth & Development Office (FCDO) has set out unprecedented sanctions on two major Russian oil firms, Gazprom Neft and PJSC Surgutneftegas, aligned with the US. Enacted under the Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855, these measures capture companies producing more than 1 million barrels of oil per day, worth approximately £23bn annually...

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