The EU Commission has updated its Russian sanctions FAQs on state-owned enterprises (see FAQ 13 for more info). 10 March 2023 EU Parliament Briefing Paper The EU Parliament has published a briefing titled "EU sanctions on Russia: Overview, impact and challenges". The briefing includes a sum...
On September 19, 2022, the EU published new FAQs which reverse the controversial expansion of restrictions imposed on certain coal, fertilizer and other Russian-origin goods on August 10, 2022. These FAQs clarify that restrictions on certain fertilizer and coal products (among others)...
No doubt because of a lack of clarity in the legislation, the EU issued an update to its FAQs on 14 June 2022, which states that: “Article 3m of Council Regulation 833/2014 prohibits only the purchase, import, transfer of Russian seaborne crude oil that isdestined for import into ...
In the 13th package of sanctions, the EU has targeted over 140 companies and individuals associated with the Russian military-industrial complex. Additionally, 10 Russian companies and individuals involved in the shipment of weapons from the Democratic People’s Republic of Korea (DPRK) to Russia ar...
Among the measures adopted by the EU in its 12th package of Russia sanctions in December is a requirement for exporters and suppliers to third countries of certain goods restricted under the EU's Russia sanctions to insert what has been termed a 'no re-e
On 26 April, the European Central Bank (ECB) publishedFAQsaddressed to financial institutions, on the following key areas: Strong board, senior management and internal functions:Firms should have strong oversight from the board and senior management on the impact of the sanction...
(US $486 billion) for the EU and about 5% (US $149 billion) for Russia, ignoring the relative impact of other sanctions). Reacting to increasing energy prices with demand-side response inside the EU would increase CO2emission savings, and ease GDP losses; however, the world would ...
Responses to the consequences of the Russian invasion of Ukraine. In terms of supervisory convergence: several CSAs on MiFID II costs and charges, MiFID II product governance rules, valuation of UCITS and open-ended AIFs and costs and fees of investment funds three major peer rev...
Leigh T. Hansson As part of the EU’s fifth sanctions package of 8 April 2022, restrictive measures were imposed under Article 3j(1) of Council Regulation (EU) 833/2014 on the purchase, import or transport of Annex XXII coal products. The restrictions state: ...
clarify that it is not possible for EU persons and entities to participate in an "asset swap" scheme that would be implemented within the framework of the Russian Presidential decree 844 (FAQ 26). Updated FAQs -Chemicals The EU Commission has updated its Russia sanctions FAQs on chemicals. In...