On 9 February 2024, Fieldfisher, a prominent international law firm, hosted an informative session on the UK Sanctions Support Programme. Organised by the Armenian British Business Chamber (ABBC) and the British Embassy in Yerevan, this event aimed to provide Armenian businesses with essential insights into navigating the complexities of UK sanctions. The programme focused on helping local businesses understand and comply with international regulations and foster stronger economic ties with the UK.
Introduction to the UK Sanctions Support Programme
The UK Sanctions Support Programme event was specifically tailored to address the needs of the private sector in Armenia. Participants were provided with comprehensive information on the current sanctions regime and its implications for their operations. The session highlighted the importance of aligning with international standards and offered guidance on how to effectively manage compliance.
Key Insights and Impact
During the discussion, Fieldfisher experts, including Mr Andrew Hood, one of the presenters and a Partner specialising in Trade, Regulatory, Public Affairs, and Public International Law at Fieldfisher’s London office, shared valuable insights on the intersection of UK sanctions and Armenian business practices. The programme explored how international cooperation involving the UK, US, EU, and other partners can support Armenian companies in adapting to evolving regulatory landscapes. The session also addressed future support mechanisms to enhance business resilience and maintain compliance.
ABBC extends its sincere appreciation to all participants for their engagement and contributions. The organisation also thanks the British Embassy in Yerevan for its steadfast support and collaboration. This programme underscores the commitment to strengthening Armenia’s business environment and fostering international partnerships.
