28 February 2022
Gide Alert | Europe
In response to the events currently taking place in Ukraine, our teams are coming together to offer analyses of the main sanctions adopted to date or to come. Click here to read the sanctions updated on a regular basis. Click here to find out more.
Russia’s military attack upon Ukraine continues at an alarming speed, as official sources report that Russian forces are closing in on Ukraine’s capital, Kyiv. In response, the global community, notably the EU, the UK, and the US, is bringing forth further sanctions against Russia and calling other international partners to align their position with them.
In our previous alert, we summarized developments as at 24 February. Since then, the G7 countries and the EU Council held meetings to impose a second batch of sanctions in a swift and concerted manner. New sanctions to be imposed by the major global economies are intended to increase the pressure on Russia’s financial system and isolate Russia from global trade and high-tech industries. However, world leaders are cautious to provoke any unwanted spill over effects on global energy markets.
► Click on the link below, we outline the main sanctions adopted thus far by the EU and the UK in reaction to these developments.