Key takeaways:

• The EU has expanded its package of sanctions targeting the banking, energy and defence sectors of the Russian economy.
• Additional capital market restrictions have been imposed on dealing with transferable securities and money-market instruments, including reducing the maximum maturity limit of such financial instruments from 90 days to 30 days.
• The EU has expanded its list of sanctioned individuals and entities, including the listing of 15 entities and 24 individuals.