Following the invasion of Ukraine by Russia, the UK, EU and US have all responded by announcing significant sanctions in respect of Russia and Belarus.
This briefing summarises the key developments and supplements our previous briefings.
On 16 December 2022 the EU published its 9th package of sanctions with respect to Russia. This includes the following:
• Asset freezes with respect to a further 141 individuals and 49 entities (including Credit Bank of Moscow and Dalnevostochny Bank);
• Amendments to derogations set out in Council Regulation 269/2014 with respect to certain designated persons, as well as a new derogation ground relating to designated persons who held a significant role in the international trade of agricultural and food products where the release of funds is necessary for such trade to third countries (for food security);
• Amendments to Council Regulation 833/2014.
More information can be found in the attached PDF.