Amendments to EU Sanctions against Russia

December 10, 2014

The EU adopted amendments to the current EU sanctions against Russia on 4 December 2014. These amendments are implemented via Council Regulation (EU) No 833/2014 (as amended) (“Regulation 833/2014”). They are intended to both provide additional clarity on the scope and application of restrictions regarding oil exploration and production projects in Russia and provide a number of carve outs to the existing restrictions on making new loans or credit with a maturity exceeding 30 days available to certain Russia entities after 12 September 2012.

Read "Amendments to EU Sanctions against Russia".