On 18 December 2023, the European Commission adopted a new package of sanctions against Russia (the twelfth) through amendments to Regulation (EU) 833/2014 ("the Regulation").
On 12 April 2024, the European Council gave the final approval of a new directive (the Sanctions Offences Directive) aimed at standardising the enforcement of EU sanctions across EU member states.
On 16 April the Ministry of Finance made an announcement regarding the imposition of a new reporting obligation, pursuant to the recent 12th EU sanctions package against Russia.
On the 18 December 2023, the European Union adopted its 12th sanctions package, which focussed inter alia on curbing down on the circumvention and evasion of the Russian Oil Price Cap.
Council Regulation (EU) 2023/2878 of December 18, 2023, amending Regulation (EU) No. 833/2014 resulted in the adoption of the 12th package of sanctions against Russia...
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