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ARTICLE · 13 FEBRUARY 2024

UK, EU Adopt Further Sanctions Against Russia

Cooley LLP
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On 18 December 2023, the European Council adopted its 12th package of sanctions against Russia.

GlobalInternational Law
Caroline Hobson
Caroline Hobson
Juan Nascimbene
Juan Nascimbene
Victoria Barlow
Victoria Barlow
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On 18 December 2023, the European Council adopted its 12th package of sanctions against Russia. The comprehensive new package includes additional trade restrictions, stricter asset freeze obligations, energy restrictions and stronger anti-circumvention measures. The UK also implemented similar changes as of 14 December 2023. Below we set out the key measures.

The new package aims to impose additional import and export bans on Russia and make it more difficult to circumvent sanctions.

European Union sanctions

New professional services restrictions

The EU introduced a new prohibition related to the sale, supply, transfer, export or provision of software for the management of enterprises and software for industrial design and manufacture used in the areas of architecture, engineering, construction, manufacturing, media, education and entertainment. This new prohibition could have a material impact on the operation of Russian subsidiaries of Western companies

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