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

15 September 2014
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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.