EU extends Russia sanctions with another six months

Yesterday, 14 December 2017, at an EU summit, the EU leaders agreed to another six months extension of the EU sanctions regime against Russia, as laid down in EU Regulation 833/2014. This regulation concerns measures related to the export of certain goods (dual-use and military items and equipment for the oil and gas industry) as well as financial sanctions. The current sanctions will expire in July 2018 unless renewed in time. We will keep you updated. Meanwhile, should you require further information in relation to these sanctions, please feel free to contact us at info@balaw.nl or at +31 (0)20 260 0082.