EU Updates FAQs for Russian Sanctions Compliance
The European Commission updated various elements of its frequently asked questions guidance pertaining to the ever-changing Russian sanctions regime. The commission on May 4 updated the guidance for "Circumvention and due diligence," "Trading" and "Assets freeze and prohibition to make…
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funds and economic resources available." The guidance walks through the nuances of how to comply with sanctions on Russian individuals, entities and sectors of the economy. Other recently updated FAQs cover "Insurance and reinsurance," "Sale of securities in an official Member State currency," "Deposits," "Luxury goods," "Humanitarian aid" and "Credit rating."