The EU imposed further comprehensive sanctions on Friday, in response to the situation in Ukraine. These include e.g. additional listing sanctions and new sanctions targeting the Russian defense/technology, finance, energy, aviation & space sectors. Below are further details on the recent developments.
In addition, further sanctions have been announced following an informal meeting between the EU foreign ministers last night. This will include cutting a number of Russian banks from the SWIFT system. An outline of the sanctions that were announced after yesterday's meeting follows further down.
Please note that these updates do not provide an exhaustive description of all sanctions in place, and they may not be construed as legal advice. Any person or entity involved in business activities in any way related to Russia, should carefully assess whether and how they are affected by the new sanctions. Schjødt's sanctions team is ready to assist in this regard.