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ARTICLE · 26 FEBRUARY 2025

EU's 16th Sanctions Package: Strengthening Compliance Measures

Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
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Today, the EU adopted its 16th package of economic and individual restrictive measures against Russia, marking three years since the full-scale invasion of Ukraine.

European UnionInternational Law
Michael Kyprianou & Co LLC
Michael Kyprianou & Co LLC
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Today, the EU adopted its 16th package of economic and individual restrictive measures against Russia, marking three years since the full-scale invasion of Ukraine. This latest round of sanctions introduces significant compliance challenges for financial institutions, service providers, and businesses operating within the EU and beyond. Below are the key highlights.

– Expanded Individual Listings: 83 additional individuals and entities have been sanctioned, including those supporting Russia's military-industrial complex and those linked to its "shadow fleet."

– Sanctions on the Shadow Fleet: The EU has targeted vessels circumventing the oil price cap or involved in transporting military equipment and stolen Ukrainian grain. This raises due diligence obligations for shipping, energy, and financial sectors.

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