Herbert Smith Freehills has issued the latest edition of its Sanctions Update e-bulletin on new EU regulations, published on 30 and 31 July 2014, that expand sanctions against Russia in response to the situation in Ukraine. These regulations enact the measures announced by the EU on 29 July 2014.
This briefing provides a summary of the legislation, in particular providing further detail in respect of the following:
- Restrictions on certain Russian banks’ access to EU capital markets;
- Trade restrictions relating to the Russian energy and defence industries;
- Trade restrictions on Crimea and Sevastopol; and
- Additional individuals and entities designated under the EU asset freezing provisions.
For further information, please contact Rod Fletcher, Partner, Susannah Cogman, Partner, Daniel Hudson, Partner, Elizabeth Head, Associate, or your usual Herbert Smith Freehills contact.