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ARTICLE · 29 SEPTEMBER 2014

Latest EU Sanctions Against Russia

Schoenherr (Schönherr Rechtsanwälte)
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After introducing the "sectoral sanctions" against Russia on 1 August 2014 the sanctions regime has been tightened further on September 12 as set out in EC Regulation No 960/2014.

European UnionInternational Law
Martin Ebner
Martin Ebner
Klara Kiehl
Klara Kiehl
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After introducing the "sectoral sanctions" against Russia on 1 August 2014 (see our Legal Insight of 1 August 2014), the sanctions regime has been tightened further on September 12 as set out in EC Regulation No 960/2014.

The new regulation contains, inter alia, (i) further restrictions on dealing with dual-use goods and technologies, (ii) bans on certain services in regard to certain oil projects and (iii) further limitations on the ability of Russian state banks and companies to access (capital markets) financing. Additionally, the EU designated 24 more individuals to the sanctions list.

1. Further sanctions as of 12 September 2014

On 12 September 2014 the sanctions regime was further tightened by EC Regulation No 960/2014. The main additional measures include the following:

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