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International trade weekly: EU steel safeguard duties, UK Russia crypto sanctions, US Section 122 tariff stay denied, WTO India–China panel request; new UK–Japan CEPA rules of origin guidance

Published on: 28 May 2026

Published by a LexisNexis International Trade expert
Legal News
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Article summary

In this issue:

  • Safeguards
  • Sanctions and export control
  • Dispute settlement
  • WTO
  • LexTalk®International Trade: a Lexis®Nexis community
  • Daily and weekly news alerts
  • New and updated content

Safeguards

EU Parliament approves stricter steel duty regime

Law360: The European Parliament has adopted a regulation to reinforce the EU’s defences against global steel overcapacity, reducing the tariff-free import quota by 47% and increasing the duty on entries above that threshold to 50%, according to a news release dated 19 May 2026. See: EU Parliament Approves Stricter Steel Duty Regime.

Sanctions and export control

FCDO announces Russia sanctions targeting crypto exchanges and A7 network

The Foreign, Commonwealth and Development Office (FCDO) has unveiled a new UK sanctions package aimed at cryptocurrency exchanges and the Kremlin-backed ‘A7 network’, used by Russia to evade existing restrictions and channel funds into its war economy against Ukraine. The measures seek to address Russia’s growing use of ‘dark networks and shadow financial systems’ to sidestep sanctions and to disrupt associated financial flows...

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