Our latest Sanctions and Export Controls Fortnightly Round-Up reviews key UK and international developments from 6th to 17th October 2025.
Highlights include:
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OFSI’s 2024 - 25 Annual Review, reporting over £37 billion in frozen assets, a shift toward intelligence-led enforcement, and plans to consolidate UK sanctions designations into a single list by January 2026.
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UK Government action designating major Russian oil companies Lukoil and Rosneft, alongside new General Licences permitting limited wind-down activities.
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Policy discussions on using frozen Russian assets to support Ukraine, reflecting growing European momentum toward a “reparations loan” model.
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Emerging trends, including Russia’s state-backed cryptocurrency A7A5, investigations into potential sanctions breaches by Benfica FC, and expanded Global Human Rights designations targeting online scam networks.
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Legislative updates, with Parliament debating the new Global Irregular Migration and Trafficking in Persons Sanctions Regulations 2025.
Read the full update by clicking on the image below:
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