Restrictive measures recently adopted against the Russian Federation in relation with events in Ukraine: how will they affect you? - Newsflash - 05.08.2014

The Council of the European Union has adopted new restrictive measures targeting cooperation and exchanges with the Russian Federation.

05/08/2014

In response to the downing of the Malaysian Airlines Flight MH17 in Donetsk and in view of the gravity of the overall situation, the Council of the European Union has adopted new restrictive measures targeting cooperation and exchanges with the Russian Federation. These measures are intended most notably to limit access to EU capital markets for Russian state-owned financial institutions, impose a ban on trade in arms as well as on dual goods for military end-users and restrict Russian access to high-end technologies related to oil exploitation . Despite certain exceptions, the prohibitions are widely applicable in terms of time and space. Lastly, while sanctions may be imposed in the event of intentional breaches of the prohibitions, remedies are nevertheless available to any persons and entities adversely affected. To read the full document please click on the link below

Contacts

Paul Mousel

Partner

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

Philippe-Emmanuel Partsch

Partner

EU Financial & Competition Law

Max Kremer

Partner

Private Clients, Private Clients

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