News UPPERCASE

Parallel import of sanctions. The new anti-Russian package of the European Union will complicate the lives of third countries.

On June 23, the European Union implemented another, 11th package of anti-Russian sanctions. According to the text published in the EU magazine, 33 companies, organizations, and banks, as well as 71 individuals, were subjected to new restrictions.
However, the main innovation of the package was not the expansion of blacklists, but the change in the principles of their composition. For example, for Russian IT companies, it is now sufficient to have certain licenses from the FSB or the Ministry of Industry and Trade to be subject to blocking restrictions. The European Union has focused on tightening the fight against circumvention of the sanction regime using third countries and parties, for whom the risk of falling under secondary sanctions considerably increases.
Associate Daria Grishunina, representing Uppercase Legal, stated in a comment to the "Kommersant" publication that in addition to the main objective of adding new individuals to the sanctions list, the main innovation of the EU's 11th package is the declaration and approval of a regime of so-called secondary sanctions.

According to Daria Grishunina, the EU has already included companies from Iran, China, and Turkey in the sanctions lists due to the re-export of European goods to the territory of Russia, but "the latest clarifications from the EU allow for more serious consequences, including the imposition of sanctions on the country as a whole."
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