EU Adopts Sanctions Against Additional Targets in Ukraine and Russia
Sanctions Update
In conjunction with EU Member States’ diplomatic efforts on the Ukraine crisis, the European Union decided to target both Russian and Ukrainian individuals and entities considered responsible for actions undermining or threatening Ukraine’s territorial sovereignty.
On February 9, 2015, the EU published Council Implementing Regulation (EU) 2015/240 to expand the list of individuals and entities targeted under Regulation (EU) 269/2014 (see our earlier Sanctions Update of March 25, 2014). With effect from February 16, 2015, the EU imposed asset-freezing measures on 19 individuals – among which are some high-ranking Russian officials – and nine entities.
The following additional individuals and entities are now subject to restrictive measures:
Individuals
- Pavel Dremov (aka Batya)
- Alexey Milchakov (aka Fritz, Serbian)
- Arseny Pavlov (aka Motorola)
- Mikhail Tolstykh (aka Givi)
- Eduard Basurin
- Alexandr Shubin
- Sergey Litvin
- Sergey Ignatov
- Ekaterina Filippova
- Aleksandr Timofeev
- Evgeny Manuilov
- Viktor Yatsenko
- Olga Besedina
- Zaur Ismailov
- Anatoly Ivanovich Antonov
- Arkady Viktorovich Bakhin
- Andrei Valeryevich Kartapolov
- Iosif (Joseph) Davydovich Kobzon
- Valery Fedorovich Rashkin
Entities
- Cossack National Guard
- Sparta Battalion
- Somali Battalion
- Zarya Battalion
- Prizrak Brigade
- Oplot Battalion
- Kalmius Battalion
- Death Battalion
- Public Movement "Novorossiya"
From a practical perspective, the updated legislation does not significantly increase the burden of compliance procedures that companies must follow. Companies must, however, maintain robust screening procedures and ban virtually all transactions with targeted individuals and entities.
For further information regarding this Update please contact:
Arnoud Willems, Partner
+32.2.504.64.09 Sven De Knop, Partner
+32.2.504.64.68Yohan Benizri, Associate
+32.2.504.64.06awillems@sidley.comsdeknop@sidley.comybenizri@sidley.com
Sidley Economic Sanctions Practice
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