22nd December 2022

Keeping you up to speed - Russian and Belarus sanctions update

European Union
On 16 December 2022 the EU published its 9th package of sanctions with respect to Russia. This includes the following:
• Asset freezes with respect to a further 141 individuals and 49 entities (including Credit Bank of Moscow and Dalnevostochny Bank);
• Amendments to derogations set out in Council Regulation 269/2014 with respect to certain designated persons, as well as a new derogation ground relating to designated persons who held a significant role in the international trade of agricultural and food products where the release of funds is necessary for such trade to third countries (for food security);
• Amendments to Council Regulation 833/2014.

More information can be found in the attached PDF.

Members of the American Chamber of Commerce in the Czech Republic