The EU has published a new FAQ
on the implementation of its sanctions regime against Russia. These
sanctions limit the access of Russian state-owned financial institutions
to EU capital markets, impose an arms embargo, and restrict the access
of Russian firms to certain sensitive technologies, particularly in the
The FAQ covers several topics, including the meaning of providing
financial assistance in the context of the arms embargo, when financing
restrictions apply generally, how banks should ensure their compliance,
the extent of the restrictions on access to capital markets, and the
status of pre-existing loans.
This article first appeared on European Sanctions Law & Practice (http://europeansanctions.com/),
a blog by Maya Lester (+44 20 7379 3550, firstname.lastname@example.org),
a barrister at Brick Court Chambers, and Michael O'Kane (+44 (0) 20
7822 7777 email@example.com), head of Business Crime at Peters
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