The government launched a barrage of almost 300 new sanctions on Russia on Tuesday in a bid to crack down on the country's energy industry and suppliers of military equipment that have backed the invasion of Ukraine.
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WEDNESDAY, FEBRUARY 25, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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UK Hits Russian Banks, Oil And Weapons In Sanctions Blitz

By William Janes

The government launched a barrage of almost 300 new sanctions on Russia on Tuesday in a bid to crack down on the country's energy industry and suppliers of military equipment that have backed the invasion of Ukraine.

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BoE Sets Out Rules On Longer CHAPS Settlement Times

By Tom Fish

The Bank of England said Tuesday it will extend the operating hours of its CHAPS system of high-value interbank payments, as part of its long-term plan to modernize the U.K.'s core payment infrastructure.

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CFD Rules May Apply To New Derivatives, ESMA Warns Firms

By Tom Fish

Europe's top securities regulator warned Tuesday that newly marketed crypto-native derivatives such as "perpetual futures" are likely covered by existing restrictions on contracts for differences and must comply with investor-protection rules.

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LITIGATION

Ex-Lloyds Staffer Wins £26K Over Firing For Racist Slur

By Joel Poultney

Lloyds Bank PLC must pay one of its former employees more than £26,000 ($35,000) for unfair dismissal after a London employment tribunal found the bank had botched a disciplinary investigation into allegations she made racist and derogatory remarks.

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Mishcon Denies It Was Negligent In Administration Row

By Ashish Sareen

Mishcon de Reya LLP has denied acting negligently when it advised two former directors of a brand development business to place the holding company and its U.K. arm into administration.

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POLICY & REGULATION

EU Eases Sustainability Reporting Rules In Growth Bid

By Joel Poultney

European lawmakers gave their final agreement on Tuesday to reduce sustainability and governance reporting rules for businesses as part of a broader bid to cut regulation to drive competition across the bloc.

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DEALS

Brief

StanChart To Launch $1.5B Buyback

By Tom Fish

Banking group Standard Chartered PLC unveiled a bumper $1.5 billion share buyback program on Tuesday as it delivered its financial results for 2025 amid "robust growth" in its larger markets.

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EXPERT ANALYSIS

FCA Enforcement Newsletter Reflects Shift Toward Openness

The Financial Conduct Authority’s inaugural Enforcement Watch newsletter provides clarity on the cases the regulator is opening and highlights its approach to early communication of enforcement activity, offering a welcome insight into its emerging priorities, says David Hamilton at Howard Kennedy.

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LAW FIRMS IN TODAY'S NEWS

4 New Square

Howard Kennedy LLP

Mishcon de Reya

COMPANIES IN TODAY'S NEWS

Barclays PLC

Deloitte Touche Tohmatsu Ltd.

Drax Group PLC

John Wood Group PLC

Lloyds Bank PLC

OAO Lukoil

Odey Asset Management LLP

Standard Chartered PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

Council of the EU

European Commission

European Securities and Markets Authority

European Union

Financial Conduct Authority

Office of Financial Sanctions Implementation

U.K. Foreign & Commonwealth Office

UK High Court