Sanctions

Restrictive measures such as asset freezes, travel bans, and trade restrictions imposed by jurisdictions or international organisations against specific persons, entities, or states to address violations of international law, human rights, or security threats.

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Intensifying

169% above the prior 8-week baseline

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Last updated

25 May 2026, 18:24

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Latest Sanctions developments

Source-backed regulatory and guidance signals tracked by Foresight, with the newest developments first.

Switzerland Amends Ukraine Measures Ordinance and Cryptoasset Transaction Prohibitions

Switzerland has adopted a May 2026 amendment to its Ukraine sanctions ordinance, revising several annexes and formally listing three cryptoassets (A7A5, RUBx and the digital rouble) as subject to transaction prohibitions from late May 2026. Companies with exposure to Swiss-linked trade, financial services or cryptoassets should swiftly review the updated annexes and adjust sanctions screening and controls to reflect the expanded restrictions.

fedlex.data.admin.chSwitzerlandSwitzerland

UK Updates Guidance on Trade Licences Under Russia Sanctions

In May 2026 the UK government updated its statutory Russia trade sanctions guidance to align export, import, services and sectoral software licensing considerations with significant recent changes to the Russia sanctions regulations. Companies trading goods, technology or professional services linked to Russia now need to re-map any existing or planned activity against these tightened licensing grounds and general trade licence conditions, especially in dual-use, energy, engineering biology, sectoral software, metals, fertilisers and diamonds, to avoid breaches and missed humanitarian or divestment carve-outs.

gov.ukUnited KingdomUnited Kingdom

UK Updates Military End-Use Controls Guidance and Embargoed Destinations

In May 2026 the UK Export Control Joint Unit updated its Military End-Use Controls guidance, refreshing embargoed destination lists, example sectors and case studies for when non-listed exports or technology transfers may require a licence. Exporters of sensitive technologies, including aerospace, biotech, materials analysis and semiconductor equipment, now face clearer expectations but also greater exposure if they miss licence requirements for shipments linked to embargoed destinations or high-risk end users.

gov.ukUnited KingdomUnited Kingdom

Hong Kong Gazettes 2026 Amendment To United Nations Sanctions (Somalia) Regulation 2019

Hong Kong has brought into force a 2026 amendment to its United Nations sanctions regulation on Somalia, updating licensing conditions for weapons-related shipments by Hong Kong-linked vessels. Shipping companies and operators should reassess any arms-related routes or cargoes involving Somalia or designated persons so that controls, licences and screening align with the updated sanctions framework now in effect.

mardep.gov.hkHong Kong SAR ChinaHong Kong SAR China

EU Council Extends Iran Sanctions Framework To Target Threats To Freedom Of Navigation

In May 2026 the Council of the European Union extended its Iran sanctions framework so that individuals and entities involved in Iranian actions impeding lawful transit passage and freedom of navigation in the Middle East, particularly around the Strait of Hormuz, can be targeted under existing EU restrictive measures. This widens sanctions risk for EU shipping, trade and financial relationships linked to Iranian maritime activities and signals that further targeted designations related to freedom of navigation are likely in the near term.

consilium.europa.euEuropean UnionEuropean Union

US Select Committee Chair Urges Treasury To Treat Biotechnology As Prohibited Outbound Investment Under COINS Act

In May 2026, the chair of the US House Select Committee on China urged the Treasury Secretary to designate biotechnology as a prohibited sector for outbound US investment under the new COINS Act, citing rapid growth in US and multinational licensing and co-development deals with Chinese biotech firms. If Treasury follows this guidance, biotechnology and pharmaceutical companies involved in cross-border licensing, co-development or manufacturing partnerships with Chinese counterparts could face significantly tighter outbound investment screening and constraints on capital and know-how flows.

files.constantcontact.comUnited StatesUnited States

US Senate Introduces S.4581 To Amend NDAA FY2026 On Chinese Military-Industrial Complex Sanctions

In May 2026, US Senate bill S.4581 was introduced to amend the National Defense Authorization Act for Fiscal Year 2026 so that certain foreign persons must be placed on the Non-SDN Chinese Military-Industrial Complex Companies List. If enacted, this would expand US sanctions listing obligations tied to Chinese military-industrial complex entities, increasing securities-trading and counterparty risk oversight for financial institutions and companies with China exposure.

congress.govUnited StatesUnited States

US House China Committee Releases Investigation on US Banks Financing CATL and Zijin Gold

The US House Select Committee on China has released a detailed investigation accusing major US banks of helping Chinese firms linked to the military and forced labour raise billions through Hong Kong offerings despite US government designations. While no new law applies yet, the report urges bans on capital-raising for blacklisted entities and broader sanctions powers, signalling higher future risk for financial institutions and investors with exposure to CATL, Zijin and similar issuers.

files.constantcontact.comUnited StatesUnited StatesChinaChinaHong Kong SAR ChinaHong Kong SAR China

US OFAC Designates Iran-Linked Shipping, Petrochemical and Financial Network Under EO 13902

US OFAC has designated Iran-linked shipping, petrochemical and financial actors and associated tankers under E.O. 13902, adding them to the SDN List effective 19 May 2026. This materially heightens sanctions and screening risk for organisations moving crude, LPG, petrochemicals or related finance through the listed companies, vessels and trade hubs in Hong Kong, the UAE and elsewhere.

public-inspection.federalregister.govUnited StatesUnited States

CJEU Clarifies Freezing of Trust Assets Under EU Russia Sanctions (C‑428/24, C‑476/24)

In May 2026 the EU Court of Justice held that assets placed in a trust must be treated as belonging to or controlled by a listed Russia-sanctioned beneficiary—and thus frozen—whenever that person can effectively influence or benefit from them, regardless of formal trust-law restrictions. This closes a major circumvention route by requiring authorities and firms to look through complex trust and corporate structures when applying EU asset-freezing obligations under the Ukraine territorial integrity sanctions regime.

eur-lex.europa.euEuropean UnionEuropean Union

CJEU Confirms Freezing of Trust-Held Assets Under EU Russia Sanctions

On 21 May 2026, the Court of Justice of the European Union confirmed that freezing assets held through trust structures can be compatible with EU Russia sanctions where listed persons retain effective power or influence over those assets. This judgment materially tightens expectations for banks, trustees and other intermediaries on tracing beneficial ownership and control, raising enforcement risk for attempts to circumvent EU restrictive measures via complex legal structures.

curia.europa.euEuropean UnionEuropean Union

US BIS Submits EAR Violations Reporting Collection to OMB for 30-Day Comment Period

In May 2026, the US Bureau of Industry and Security submitted its revised information collection for reporting violations of the Export Administration Regulations to OMB for 30-day review and public comment, following an earlier 60-day PRA notice. Exporters and compliance teams now have a short additional window to influence how BIS’s voluntary tip and self-disclosure process, including new online questions and an updated collection title, will be structured and administered.

public-inspection.federalregister.govUnited StatesUnited States

European Commission Confirms Stricter 2026 Import Rules and Audit Increase for Animal-Origin Food Imports

In April 2026 the European Commission told Parliament that stricter import rules from 3 September 2026 and a 50% increase in third-country audits will tighten controls on animal-origin food imports and related sanitary standards. For EU importers and agri-food suppliers this means stronger verification that products are free of growth-promotion antimicrobials and unsafe pesticide residues, and a more intensive audit regime focused on high-risk origins and sanction-sensitive trade flows.

europarl.europa.euEuropean UnionEuropean Union

UK Updates Russia Sanctions Guidance To Reflect 2026 Regulation Amendments

The UK has updated its Russia sanctions statutory guidance to incorporate broad new trade, energy, nuclear and services restrictions introduced by the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2026, effective from 20 May 2026. These changes tighten controls on Russian-related uranium, LNG, processed oil products, specified ships and construction services, significantly raising compliance and enforcement risks for companies exposed to Russian-connected supply chains, shipping and advanced technology sectors and requiring rapid review of contracts, counterparties and licensing needs.

gov.ukUnited KingdomUnited Kingdom

UK Updates Russia Sanctions Exceptions Guidance For Trade And Transport

The UK has updated its statutory guidance on exceptions to Russia trade and transport sanctions to reflect new 2026 amendment regulations, adding and refining automatic exceptions for advanced technology goods, uranium, LNG, construction services and specified ships with hard transition deadlines. Businesses with Russia-linked contracts, supply chains or shipping arrangements now face a tighter but more explicitly defined framework for when activity is still permitted without a licence, making immediate review of legacy contracts, nuclear and energy exposures, and professional services mandates essential for sanctions compliance planning.

legislation.gov.ukUnited KingdomUnited Kingdom

UK Adopts Russia (Sanctions) (EU Exit) (Amendment) Regulations 2026

The UK has brought into force wide-ranging amendments to its Russia (Sanctions) (EU Exit) regime from 20 May 2026, tightening trade, shipping, energy and construction prohibitions and updating critical goods schedules. Businesses trading in oil products, LNG, uranium, advanced chip and quantum goods, or providing construction and maritime services should urgently reassess Russian exposures, contract portfolios and routing to stay within the new bans and limited grandfathering windows.

legislation.gov.ukUnited KingdomUnited Kingdom

UK General Trade Licence for Maritime Transportation of Liquefied Natural Gas Under Russia Sanctions

In May 2026 the UK introduced a time-limited general trade licence allowing specified maritime transportation of liquefied natural gas under the Russia sanctions regime, effective from 20 May 2026 to 1 January 2027. This gives energy traders and shipping operators a structured route to complete certain LNG contracts from the Sakhalin-2 and Yamal terminals, while imposing strict origin, contract-duration, record-keeping and notification conditions that must be integrated into sanctions compliance controls.

gov.ukUnited KingdomUnited Kingdom

UK Issues General Trade Licence for Sanctioned Processed Oil Products Under Russia Sanctions Regime

In May 2026 the UK Department for Business and Trade issued a new general trade licence under the Russia sanctions regime allowing imports into the UK of certain diesel and jet fuel products processed in third countries from Russian crude, effective 20 May 2026. This creates a standing route for compliant trade in these oil products, so energy, shipping and trade-finance firms must quickly check which flows can now use the general licence, tighten record-keeping, and ensure sanctions controls reflect the specific HS codes and conditions.

gov.ukUnited KingdomUnited Kingdom

UK Issues General Trade Licence For Sanctioned Processed Oil Products

From 20 May 2026, the UK has introduced general trade licence GBSAN0004 allowing imports of specified diesel and jet fuel processed in third countries from Russian crude that would otherwise be prohibited under its Russia sanctions regime. Energy and fuel traders can adjust qualifying supply chains under this licence but must ensure HS codes, processing routes and sanctions record-keeping align with the licence conditions, noting that the licence is indefinite but can be reviewed, varied or revoked.

gov.ukUnited KingdomUnited Kingdom

UK Updates OTSI Sanctions Licensing for Construction and Ship-Related Services

In May 2026 the UK updated OTSI sanctions licensing guidance to add construction and certain ship-related services to the Russia sanctions services that may only be provided under an OTSI trade licence, following legislative changes effective 19 May 2026. UK exporters, construction firms and ship-service providers with a UK nexus must now treat these activities as sanction-controlled, building OTSI licence lead times and expanded screening into contract, supply chain and market-access decisions.

gov.ukUnited KingdomUnited Kingdom

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Topic context

How to read Sanctions regulatory activity

Definition

What is Sanctions?

Restrictive measures such as asset freezes, travel bans, and trade restrictions imposed by jurisdictions or international organisations against specific persons, entities, or states to address violations of international law, human rights, or security threats.

Industry relevance

Why it matters

Sanctions developments can change product scope, supplier expectations, market access, reporting duties, and risk ownership. Foresight tracks the signals early so teams can respond before obligations become urgent.

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