EU ISSUES GUIDANCE ON THE INTERPRETATION OF EU SANCTIONS ON RUSSIA

On 19 June, the EU published an Opinion on the interpretation of EU Regulation 269/2014/EU which imposes an asset freeze on funds and economic resources belonging to, owned, held or controlled by those listed in the Annex to the Regulation (as amended) and prohibits funds and resources being made available to them. The guidance addresses such questions as whether assets/resources are controlled by a designated entity for these purposes, and whether to freeze assets of an entity indirectly controlled by a sanctioned person.

https://ec.europa.eu/info/sites/info/files/business_economy_euro/banking_and_finance/documents/200619-opinion-financial-sanctions_en.pdf

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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