The EU’s 16th sanctions package on Russia represents a significant expansion of measures, including additional restrictions on Russian banks, further oil and gas related restrictions, and new export and import restrictions. ...more
On 12 March 2025, the EU announced that it will impose countermeasures in response to new tariffs imposed by the US on steel and aluminium imports. The EU countermeasures are twofold: First, the European Commission will...more
From 9 January 2025, EU payment service provides are required to shift away from transaction-based sanctions screenings for certain intra-EU instant credit payments Regulation (EU) 2024/886, the “Instant Payment Regulation”,...more
On 16 December 2024, the EU adopted several new sanctions measures, including its 15th package of sanctions against Russia which expands the sectoral and financial restrictions applicable to Russian persons. The EU also...more
The recent EU and UK sanctions adopted against Russia, have impacted economic operators in many ways. This article provides an overview of the current sanctions prohibitions affecting holders and traders of intellectual...more
The below alert provides a high-level overview of several measures recently adopted by the European Union (the “EU”) targeting Russia and Belarus, which include: (1) A new Russia sanctions regime, adopted on 27 May 2024,...more
On 24 April 2024, the European Union adopted a directive criminalizing the following sanctions violations: The directive brings significant changes to EU sanctions enforcement by harmonising the rules on the violation of EU...more
The new EU notification requirements relating to transfers of funds out of the EU by EU entities with a certain level of direct or indirect Russian ownership enters into force soon. The reporting obligation has a broad scope,...more