The EU has enacted new legislation expanding its existing sanctions against Russia.
Herbert smith have published a briefing providing an overview of the new measures, namely:
- an expansion of the restrictions on dealing in transferable securities issued by listed Russian banks;
- the application of these restrictions to listed Russian companies in the military and oil sectors;
- additional trade restrictions, including in relation to dual use goods and certain services necessary for particular oil projects; and
- an expansion of the existing asset freeze.
The Herbert smith briefing also summarises
- recent UK legislation criminalising breach of certain EU trade sanctions against Russia and
- provides an overview of recent developments in Australia.
Finally, they consider possible future developments in this area.
Please click here for the full briefing. http://bit.ly/1tEJEOT
Herbert smith Legal week article in relation to the new sanctions, with a particular focus on the position of offshore law firms. Please click here to read the article. http://bit.ly/1wjCkW0
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