Marilou Pavlou Christodoulides LLC

The European Union (EU) continues to adopt further packages of economic sanctions against Russia due to the continuance of its military aggression against Ukraine, the latest of which are summarised below.

New reporting obligations, following the addition of Article 5r of Council Regulation (EU) No. 833/2014 through the 12th EU package of economic and individual sanctions against Russia (the “EU Sanctions”) due to its military aggression against Ukraine, were issued on 18th of December 2023.

In reaction to Russia’s military intervention against Ukraine the European Union (EU) adopted sanctions against Russia. In particular, the EU has adopted a wide range of restrictive measures against Russian individuals and entities in order to cripple Russia’s ability to finance the war and to impose painful costs on Russia’s political elite responsible or otherwise instrumental for the realisation of this unprovoked military attack on its neighbouring nation.

Further to our article posted on 4 April, further and more severe restrictive measures have been adopted by the EU against Russia. Similar measures were first adopted by EU and UK but these are not the subject of the below article.

In reaction to Russia’s military intervention against Ukraine the European Union (EU) adopted sanctions against Russia. In particular, the EU has adopted a wide range of restrictive measures against Russian individuals and entities in order to cripple Russia’s ability to finance the war and to impose painful costs on Russia’s political elite responsible or otherwise instrumental for the realisation of this unprovoked military attack on its neighbouring nation.