In light of the further escalation of the Russia-Ukraine conflict, the EU agreed on Friday, 25 February, on a second wave of sanctions targeting broad areas of the Russian economy and other high profile political and military leaders in Russia and Belarus. In brief, the new restrictions include: designations of Russian and Belarusian individuals;wide-ranging restrictions on trade in goods and associated services, including dual-use and various other items, and goods for the oil refining, aviation…