Continuation Of Russian Sanctions

Since March 2014, Reed Smith has been closely monitoring developments relating to the situation in the Ukraine and reporting them as  Client Alerts and  blog updates.

We have set out below a brief summary of the EU's decision of 20 March 2015 to effectively leave in place the sanctions imposed last year against Russia.

EU agrees to keep Russian sanctions in place The EU originally imposed sanctions against Russia in response to its actions in Crimea and Ukraine. EU leaders, who gathered for a summit in Brussels on 20 March 2015, have now agreed to tie the sanctions to the recent cease-fire deal reached in Minsk, Belarus. At the same time, a formal legal decision on whether or not to extend the sanctions has been postponed until June 2015.