Europe moves ahead with increased Russian sanctions

January 01, 1970

Posted on September 9th 2014 by Michael O'Kane on

On 8 September 2014, new European sanctions were agreed against Russian interests. Despite their formal adoption, the sanctions are only due to take effect “in the next few days”, leaving sufficient time for the EU to assess the changing situation on the ground in Ukraine.

The new measures tighten the existing bar on Russian entry to EU capital markets to include a ban on syndicated loans by EU banks.

Further sanctions also include a ban on the export of ‘dual-use technologies’ and a prohibition on the supply of European associated services (such as drilling and well-testing) to Russian oil exploration industries.

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End notes

This article first appeared on European Sanctions Law & Practice (, a blog by Maya Lester (+44 20 7379 3550,, a barrister at Brick Court Chambers, and Michael O’Kane (+44 (0) 20 7822 7777, head of Business Crime at Peters & Peters.