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ARTICLE · 27 DECEMBER 2022

New Updates For 22-Dec-2022

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The Overruled - Russia Trade Controls Resource Center has been updated with the following actions...

European UnionInternational Law
Akin Gump Strauss Hauer & Feld LLP
Akin Gump Strauss Hauer & Feld LLP
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The Overruled - Russia Trade Controls Resource Center has been updated with the following actions:

  • 19 Dec 2022 (Russia - Countermeasures):
    The moratorium on fines for certain violations of Russian currency controls is extended until the end of 2023.
  • 19 Dec 2022 (Russia - Countermeasures):
    Russian insurers are prohibited to transact with insurers and insurance brokers associated with "unfriendly" states.
  • 16 Dec 2022 (EU):
    On December 16, 2022, the EU published its 9th round of sanctions, including, inter alia, a significant number of designations, including against two Russian Banks, new export controls and bans, and a prohibition on new investments in the Russian mining sector (subject to certain exceptions).

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