Crimea and Sevastopol – Substantial EU additional sanctions on investment, services and trade – newsflash – 29.12.2014

In order to strengthen the EU’s policy of not recognising the annexation of Crimea and Sevastopol by Russia, the Council of the European Union has decided to reinforce the package of restrictive measures adopted on 23 June and 30 July.

29/12/2014

In order to strengthen the EU’s policy of not recognising the annexation of Crimea and Sevastopol by Russia, the Council of the European Union has decided to reinforce the package of restrictive measures adopted on 23 June and 30 July targeting cooperation and exchanges with these regions. The recent Council Regulation (EU) No 1351/2014 (hereinafter the “New Regulation”) substantially broadens the former restrictions, notably the scope of the ban on investments. To read the full document please click on the document below.

Contacts

Paul Mousel

Partner

Banking & Financial Services, Insurance & Reinsurance Law, Restructuring & Insolvency

Philippe-Emmanuel Partsch

Partner

EU Financial & Competition Law

Max Kremer

Partner

Private Clients, Private Clients

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