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
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.