EU publishes answers to new frequently asked questions on several topics related to Russia-related sanctions

The European Commission recently published answers to several Frequently Asked Questions in an effort to provide the public with additional clarity regarding the logic behind and application of certain provisions in Council Regulation (EU) 833/2014 and other restrictive measures adopted in response to Russia’s military aggression against Ukraine with Belarus’ involvement, with the most recent FAQ update issued on May 25, 2022 related to trade customs involving export-related restrictions.  Other recent FAQ updates include general topics such as general questions (updated May 24) and circumvention and due diligence (updated May 20), and more focused topics that address individual financial measures related to asset freezes and prohibitions to provide funds or economic resources (updated May 20);  finance and banking issues such as deposits (updated May 23), trading (updated May 13), central securities depositories (updated May 17) and the sale of securities (updated May 23); and restrictions on other fields including prohibitions to access EU ports (updated May 23) and public procurement sanctions (updated May 23).

European Commission – FAQs – Latest Updates