The EU Parliamentary Research Service has published an updated briefing on the EU’s sanctions against Russia. The previous briefing had been published in September 2023. The key elements of this update are:
On 12 February 2025, the Swiss Federal Council announced the adoption of the remainder of EU’s 15th package of sanctions against Russia, which entered into force on 13 February 2025 (the official media release is available here). Designations introduced under the 15th EU sanctions package had already been adopted by Switzerland on 23 December 2024. These new listings included 54 individuals and 30 companies and organizations being subject to asset freezes and a ban on…
On 16 December 2024, the EU introduced its 15th package of sanctions against Russia, including by amending Regulation (EU) 833/2014 and Regulation (EU) 269/2014. The EU also issued the first designations under its âhybrid threatsâ sanctions framework, which was announced in early October 2024. Finally, the EU designated individuals and entities pursuant to EU sanctions against Belarus (Regulation (EC) No 765/2006). This latest round of sanctions entered into force on 17 December 2024 and is…
Earlier this year, the EU introduced various new restrictions as part of its sanctions packages targeting Russia (see our blog post on the 14th EU Russia sanctions package) and Belarus (see our blog post of the most recent EU Belarus sanctions package). Among the notable and novel restrictions were: Businesses should therefore review their current practices and consider whether any enhancements are necessary to comply with these measures. Guidance on âbest effortsâ obligations The “best…