EU Imposes Sector-Wide Sanctions on Russia, Imposes Sanctions on New Individuals and Entities

31 July 2014
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Key takeaways:

  • The EU has adopted a package of sanctions targeting the banking, energy and defence sectors of the Russian economy.
  • Additional restrictions have been imposed on trade and investment in Crimea and Sevastopol.
  • The EU has expanded its list of sanctioned individuals and entities, including the designation of senior Russian officials and the president of the Republic of Chechnya.