Additional EU Economic Sanctions Against Russia And Belarus

ON 9 AND 15 MARCH 2022, THE COUNCIL OF THE EUROPEAN UNION ADOPTED NEW RESTRICTIVE MEASURES AGAINST RUSSIA AND BELARUS DUE TO THE ONGOING CONFLICT IN UKRAINE

On 9 and 15 March 2022, the Council of the European Union (the "Council") adopted new restrictive measures against Russia and Belarus due to the ongoing conflict in Ukraine. These new restrictive measures complement those adopted up until 2 March 2022, which we discussed in a previous newsflash.

Restrictive measures against individuals in Russia

The Council adopted restrictive measures against an additional 175 individuals which include:

• 146 members of the Russian Federation Council, who have ratified the decisions of the government regarding the Treaties of Friendship, Cooperation and Mutual Assistance between the Russian Federation and (i) the Donetsk People's Republic and (ii) the Luhansk People's Republic;