European Commission Guidance for the Implementation of Enhanced Due Diligence in Relation to EU Sanctions Against Russia

September 2023
Region: Europe

Despite the EU’s efforts to weaken the Russian government’s ability to finance the aggression against Ukraine, driven by the implementation of unprecedented restrictive measures (sanctions), Russia has managed to avoid and circumvent some of those sanctions.

Hence, the latest EU Sanctions Package, published on 23 June 2023, puts a strong emphasis on preventing circumvention, particularly for high-risk sectors and complex supply chains.