Sanctions Tracker: EU Adopts 11th Sanctions Package And UK Introduces Russia-related Legislation

Following its announcement of an 11^th package of Russia sanctions in May (which we covered here), the European Union has now adopted the package. Key elements of the 11^th sanctions package include fresh targeted sanctions against individuals and entities, an enlargement of restrictions on the sale, export and transit of certain goods and technology, as well as additional measures to prevent sanctions circumvention. We summarise the key elements in this post, along with a round-up of other recent sanctions developments from the UK.

EU

Adoption of 11^th sanctions package

Following intense negotiations, on 23 June 2023, the European Union ("EU") officially adopted its 11^th round of sanctions against Russia ("11^th sanctions package"). The package consists of Council Regulation (EU) 2023/1214 and Council Regulation (EU) 2023/1215, which respectively update Regulation (EU) 833/2014 (the "Russia Regulation") and Regulation (EU) 269/2014 (the "Asset Freeze Regulation")