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EU And UK Sanctions Developments: EU’s 22nd Sanctions Package And Latest UK Measures Targeting Russia’s Military-industrial, Energy And Shipping Sectors
The European Union has adopted its 22nd sanctions package against Russia, adding 1,569 individuals and entities to its sanctions lists in the largest designation exercise since 2022. This unprecedented expansion targets Russia's military-industrial complex and its supporting supply chains, creating significant compliance challenges for businesses across banking, shipping, technology, and international trade sectors.
Penningtons Manches Cooper LLP
