EU Adopts 9th Sanctions Package Against Russia

In response to targeted attacks by Russia against civilians and civilian infrastructure in Ukraine, the European Union intends to increase pressure on Russia further with the ninth sanctions package. The package entered into force on 17 December 2022 and supplements the existing sanctions.

At first glance: what should companies do now?

• Perform an up-to-date sanctions list check for all business partners.
• Companies with business in Russia should immediately check whether and to what extent exporting goods, providing services or making investments are affected by the new sanctions.
• Companies that provide services in the areas of market research and opinion polling as well as advertising should check whether the new service prohibitions apply to them.