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ARTICLE · 20 DECEMBER 2024

EU Adopts 15th Sanctions Package Against Russia... And More

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As the year closes, the European Union ("EU") continues to use sanctions as its foreign policy tool of choice. On December 16, 2024, the EU adopted a total of 15 texts providing for new sanctions.

GlobalInternational Law
Sarah Bakchi
Sarah Bakchi
Dylan Geraets
Dylan Geraets
Edouard Gergondet
Edouard Gergondet
Nikolay Mizulin
Nikolay Mizulin
Paulette Vander Schueren
Paulette Vander Schueren
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As the year closes, the European Union ("EU") continues to use sanctions as its foreign policy tool of choice. On December 16, 2024, the EU adopted a total of 15 texts providing for new sanctions. While the centerpiece, the 15th package against Russia, seeks to further support Ukraine by limiting Russia's ability to wage its war of aggression, the EU is also taking actions in response to geopolitical developments globally.

The 15th package against Russia, while mostly technical, imposes a significant number of additional asset freeze measures and other individual list-based sanctions, which evidence the EU's reinforced willingness to use its designation powers as a tool against circumvention. The 15th package also seeks to better protect EU companies by restricting the effectiveness of anti-suit injunctions in Russia, introducing "no liability" clauses for central securities depositories ("CSDs"), and extending the derogations permitting orderly exits from the

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