EU Sanctions In Response To The Situation In Ukraine (Note up to date as of 28 February 2022)
Following Russia's decision to recognise the Donetsk and Luhansk Oblast areas as independent entities and to unilaterally attack Ukraine, the European Union introduced new restrictive measures on 23, 25, and 28 February 2022 to strengthen their arsenal of sanctions against Russia.
This client alert provides a summary of the main measures enacted:
- Individual restrictive measures;
- Prohibition on the supply of certain goods and services useful to specific sectors of the Russian economy;
- Restriction or prohibition on particular banking or financial operations by Russian entities;
- Restrictions on accessing the European airspace.
Also available in French language here.