Client Alert: EU “Stage 3” sanctions

The EU has published its so-called “Stage 3” sanctions against Russia in Regulation 833/2014 (see here) (“the Regulation”).
 
Who do the sanctions apply to?
 
As is usual with EU sanctions, the scope is limited to:

●    activities in the EU by any persons; and
●    EU natural persons, and EU incorporated entities (including branches),  wherever located. EU sanctions do not apply to non-EU incorporated entities.
 

Click here to read the full client alert.