Further to our earlier posts, we have now issued a client alert providing more details on the measures adopted by the EU and US in response to the annexation of Crimea to the Russian Federation.
By way of a reminder: the new designations cover predominantly Russian politicians and government officials, but for the first time in respect of the Ukrainian crisis, the US has designated an entity, namely a bank. Further, several of the targeted individuals have significant business interests, increasing the impact of the sanctions on those doing business in Russia. Russia has responded by barring nine senior US officials from Russia.
