Russian Sanctions Update

In response to the ongoing unrest in Eastern Ukraine, the European Union and the United States have adopted a series of economic sanctions against Russia with the hope of defusing the crisis in Ukraine. The first round of sanctions in March 2014 was limited to travel restrictions and asset freezes in respect of specific named individuals. As violence in the region escalated, the West's economic reaction ratcheted up considerably through a co-ordinated package of measures targeting Russia's financial, energy and defence sectors.


In the article below, which appeared in the November 2014 edition of Finance Dublin, Andrew Traynor (Partner, Finance & Capital Markets) and Shane Martin (Regulatory Compliance Director) set out some of the main sanctions and their potential impact on various markets.

 

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