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Russia Sanctions

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The Council of the European Union has announced today, on 13 March 2017, that the EU is formally extending their economic sanctions over actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine until 15 September 2017. According to the Council’s press release, the assessment of the situation does not justify a change in the sanctions regime. The Council removed two deceased persons from the list of persons and entities subject to these…

The European Council has today extended economic sanctions in Russia, targeting the financial, energy and defence sectors and dual-use goods, until 31 January 2017 on the grounds that the Minsk agreements are still not fully implemented. It is anticipated that the implementing legislation will be published in tomorrow’s version of the Official Journal.

Russia took a decision to gradually repeal foreign trade sanctions applied to Turkey.  On June 30, 2016 the Russian President issued Decree No. 314 which lifted some of the sanctions imposed on Turkey. Namely the Decree (i) provides for the resumption of charter flights between Russia and Turkey, (ii) allows Russian travel agencies to sell tours to Turkey, as well as (iii) instructs the Russian Government to hold negotiations with the Government of Turkey on…

On June 29, 2016 the President of Russia Vladimir Putin signed Decree No. 305 that extended the food embargo against specifically listed types of Western – origin food products until December 31, 2017. The 1-year ban on the importation of certain agricultural and food products originating in the countries that have sanctioned Russia was first introduced in the summer of 2014. In June of 2015 the embargo was extended to be effective until August 5,…