EU adds names to Ukraine sanctions and widens criteria in preparation for further sanctions, possibly this week; prolongs Iran sanctions relaxation and adds more names to Syria sanctions list

This alert resumes three changes to EU sanctions adopted over the past week. This week is likely to be equally busy as further sanctions on Ukraine and Russia are expected imminently.

First, and most important, the criteria for imposing an asset freeze under the Ukraine sanctions have been widened, enabling a broader range of persons or entities potentially to be targeted. In addition, 33 names were added to the existing Ukraine-related asset freeze list as of 25 July 2014.

Second, the temporary relaxation of sanctions against Iran has been extended until 24 November 2014 (to reflect the agreement to extend negotiations in Geneva).

Third, 3 persons and 9 entities were added to the Syria asset freeze list as of 23 July 2014.

Please see full alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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