Investment Services Targeted, Sectoral Sanctions Move
Debt Sanctions from 90 to 30 days, Certain Oil
Exploration/Production Exports and Services Prohibited
Earlier today, September 12, 2014, the EU and US published yet
more sanctions on Russia, increasing the pain particularly in the
investment services, defense and oil exploration worlds. Short
summaries of the sanctions are provided below, with differences
between EU and US sanctions noted.
As this is a rapidly evolving situation, we are not providing
background. Please see our earlier alerts (here, here, and here) for additional information and details
on previous sanctions.
EU Sanctions
1) Prohibit the sale or supply of dual use items in
Annex I to Regulation (EC) No 428/2009 to persons listed in Annex
IV, and also prohibit technical assistance, brokering
services, other services, financing, and financial services related
to same. There is a complicated carve out for the aeronautics and
space industry,
