The EU shifts focus to sanctions enforcement, asset recovery and confiscation

Over the last three months, the EU has imposed unprecedented sanctions against Russia and Belarus in response to the war in Ukraine (see our dedicated collection here). While adopting further sanctions is getting ever more complicated due to political gridlock, the European Commission issued a number of legislative proposals last week, shifting its focus to the enforcement of EU sanctions - not only against Russia, but in relation to any restrictive measures imposed by the EU against regimes, territories, persons and entities across the globe. For any business with an EU nexus, ensuring compliance with EU sanctions is now more important than ever.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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