On 18 December 2023, the EU published its 12th package of sanctions targeting Russia. The changes implemented in this package have a material impact on all businesses with a continued or residual presence in Russia, including those seeking to exit and divest from Russia. Moreover, all companies, even those not trading directly with Russia, should be mindful of the increased focus on targeting circumvention.
In our latest on-demand webinar, we provide you with an overview of some of the key considerations from the EU’s 12th Russia sanctions package. Specifically,
we discuss:
- New software-related restrictions in Article 5n
- The implications of the wind-down of the subsidiary exemption in Article 5n
- Clarifications on licensing requirements for the transfer of sanctioned items as part of divestment
- The “No Russia” clause in Article 12g
Click HERE to watch this on-demand webinar now.
If you have any questions, please reach out to our team below.
