In a joint letter released on Friday 5 September, the President of the European Council and the President of the European Commission announced that a second package of economic sanctions against Russia will be formally adopted today (Monday 8 September). This second package of economic sanctions is understood to build on the ‘Phase 3’ sanctions by introducing “enhanced measures related to access to capital markets, defence, dual use goods, and sensitive technologies”, as well as…

Pursuant to the Export Control (Russia, Crimea and Sevastopol) Order 2014 (the “Order”), the UK has published legislation that provides for the implementation of Council Regulation (EU) No 833/2014 (the “Russia Sanctions Regulation”) and the trade and investment restrictions in response of the illegal annexation of Crimea and Sevastopol, as specified in Council Regulation (EU) No 692/2014 (as amended by Council Regulation (EU) No 825/2014) (the “Crimea and Sevastopol Regulation”). The Order comes into force…

Following a special meeting of the European Council on Saturday 30 August, the EU announced that preparatory work will be undertaken this week on proposals for potential new sanctions and that it “stands ready to take significant further steps, in light of the evolution of the situation on the ground”. This was reiterated by EU Council President Herman Van Rompuy in his post-meeting remarks in which he noted that the Phase 3 sanctions were having a…

On 31 July, we reported that the EU had issued “Stage 3” sanctions against Russia through the implementation of Council Regulation (EU) No 833/2014, in response to Russia’s actions destabilising the situation in Ukraine (please click here to view our previous post). On 21 August, a Corrigenda to Council Regulation (EU) No 833/2014 was published in the Official Journal of the European Union, therein making the following changes to its provisions: On page 1, recital 5:…