Additional EU Sanctions Imposed on Russia

July 31, 2014

The European Union announced its intention to adopt a broad package of trade and economic sanctions against Russia, targeting access to EU capital markets, defence exports, energy related equipment and technology and sensitive technology on 29 July. The regulation adopting these measures was published today (31 July 2014) and can be viewed here. As was widely expected, the measures limit access to EU capital markets for Russian State-owned financial institutions, establish an export ban for dual use goods for military end users and curtail Russian access to sensitive technologies particularly in the field of the oil sector. These measures in some ways mirror and in other ways differ from the US sanctions imposed recently (please see our OnPoint dated 17 July 2014 for a description of the U.S. sanctions).

Read "Additional EU Sanctions Imposed on Russia"