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Clifford Chance

Clifford Chance


Europe issues guidance on sectoral sanctions against Russia - December 2014

19 December 2014

The European Commission has issued some welcome and long-awaited guidance on certain provisions of the so-called sectoral sanctions introduced by Council Regulation (EU) No. 833/2014, as amended by Council Regulations (EU) No. 960/2014 and No. 1290/2014 ("Regulation 833"). The guidance is contained in a Commission Notice dated 16 December 2014. Running to seven pages, the stated purpose of the guidance, which is presented in the form of a Q&A, is "uniform implementation by national authorities and parties concerned".

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