EU sanctions broadly apply to all EU nationals, including entities incorporated or constituted under the law of an EU Member State, wherever in the world they are located.  They also apply to all business conducted in whole or in part within EU territory.

UK financial sanctions apply to any individual or entity within the UK’s territory or that carries out activities within the UK’s territory.  UK nationals and legal entities established under UK law, including their overseas branches, must additionally comply with UK sanctions regardless of where they are located or where their activities take place.

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