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European Union Imposes Severe Sanctions on Russia

  • 29/07/2022
  • News

In response to Russia’s recognition of the Donetsk and Luhansk regions of Ukraine on 22 February 2022 and its continuing military aggression against Ukraine starting on 23 February 2022, the European Union (“EU”) has adopted several packages of sanctions severely restricting economic relations with Russia, Russian entities, and persons. VBB’s Guide to the EU sanctions against Russia has been updated to cover the “maintenance and alignment package” published on 21 July 2022. The Guide identifies the relevant regulations, explains what sanctions apply, and flags key compliance actions.

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