EU Regulation 2022/345/EU imposes further restrictive measures with regard to the provision of specialised financial messaging services to certain Russian credit institutions and their Russian subsidiaries, which are relevant for the Russian financial system and which are already the subject of restrictive measures imposed by the EU or by partner countries and, subject to certain exceptions, with regard to engagement with the Russian Direct Investment Fund.  The Regulation also prohibits, subject to certain exceptions, the supply of euro banknotes to Russia.

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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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