The EU has today published new legislation expanding its existing sanctions against Russia. This briefing provides an overview of the new measures, namely:
- an expansion of the restrictions on dealing in transferable securities issued by listed Russian banks;
- the application of these restrictions to listed Russian companies in the military and oil sectors;
- additional trade restrictions, including in relation to dual use goods and certain services necessary for particular oil projects; and
- an expansion of the existing asset freeze.
Our briefing also summarises recent UK legislation criminalising breach of certain EU trade sanctions against Russia and provides an overview of recent developments in Australia. Finally, we consider possible future developments in this area.
Please click here for the full briefing.
Key contacts
Andrew Cannon
Partner, Head of International Arbitration, London and Paris
Christian Leathley
Partner, Head of International Arbitration, US, London and New York
Dr Patricia Nacimiento
Partner, Germany
Amal Bouchenaki
Partner, New York
Laurence Franc-Menget
Partner, Paris
Gitta Satryani
Managing Partner, Singapore Office, Singapore
Lode Van Den Hende
Consultant, Brussels and London
Hannah Ambrose
Partner, London
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.