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Clifford Chance

Clifford Chance

Briefings

New Sanctions against Russia: significant but targeted

22 July 2014

On 16 July 2014 the US Treasury Department's Office of Foreign Assets Control ("OFAC") expanded the Ukraine-related sanctions against Russia and others alleged to be involved in the situation in Ukraine. In addition, on 18 July 2014 the EU published a new Council Regulation which widens the legal basis for the EU to impose new restrictive measures.
This update provides a high level overview of the latest developments.

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