EU set to renew sanctions on Russia

It is reported that the EU’s sanctions against Russia, currently set to expire on 31 July 2016, are to be renewed for a further 6 months. Some reports suggested that certain EU member states (e.g. Greece, Italy, and Hungary) were suggesting a rethink of the sanctions, reconsideration is now likely to be postponed until an EU summit in December.  Diplomats are reported to have said that Russia’s patchy implementation of the Minsk peace agreement was a key factor behind the decision to postpone.

The sanctions due for renewal impose restrictions on Russia’s energy industry and financial sector, in addition to an arms embargo.

This entry was posted in Latest EU Measures, Russia, Ukraine by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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