The Council of the European Union (EU) has extended the existing EU framework of trade and economic sanctions targeting specific Russian individuals and entities until 15 March 20161. These sanctions were due to end on 15 September 2015 after a previous extension2.
The extension maintains the asset freeze and travel ban targeting certain 'blacklisted' individuals, companies, entities and bodies ('Designated Persons')
To date, the asset freezing provisions and travel bans apply to 149 individuals and 37 entities.
For more information on the full range of measures imposed by the EU and the potential impact on commercial activity between companies incorporated and domiciled in Russia, and their European counterparts, please see our previous briefing here.
1Implemented via Council Decision (CFSP) 2015/1524 of 14 September 2015 and via Council Implementing Regulation (EU) 2015/1514 of 14 September 2015
2Implemented via Council Decision 2015/432/CFSP of 13 March 2015