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News and knowledge

Sanctions in Ukraine / Russia


The US and EU have imposed sanctions against individuals and entities deemed responsible for violating the sovereignty and territorial integrity of Ukraine.  Additional measures were imposed following the annexation of Crimea and Sevastopol.

Key restrictions:

  • asset freeze of listed persons/entities
  • ban on the import of goods originating in Crimea or Sevastopol including related  re(insurance)
  • ban on exporting goods and  equipment to be used in the transport, telecommunications and energy sectors of Crimea/Sevastopol
  • ban on cruise ships entering Crimean ports
  • ban on the provision of technology, equipment or associated services for deep-water,  arctic and shale oil projects in Russia
  • ban on the export  of dual use goods destined for the Russian military
  • Sectoral sanctions which target the provision of financing to key sectors of the Russian economy including energy and defence


Russia has responded by implementing a trade embargo regarding the import of certain agricultural products from the USA, Canada, the EU, Norway and Australia.

Circulars issued by the club

15 August 2014, Standard Europe Circular- EU sanctions in respect of Crimea and Sevastopol, update

17 July 2014, Standard Europe Circular - EU sanctions in respect of Crimea and Sevastopol

Web alerts issued by the club

Russia implements sanctions against Turkey, 22 December 2015

Targeted EU sanctions against certain persons, entities and bodies in view of the situation in Ukraine, 11 March 2014

Ukraine-related Executive Order Issued by the US, 7 March 2014

Alerts issued by Freehill Hogan & Mahar LLP are available here

Useful links