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European Union sanctions and Russia

Defensor Legis 1,5/2022 s. 356–364
28.4.2022
Asiantuntija-artikkeli

The European Union has responded to Russia’s war on Ukraine with an unprecedented set of economic sanctions. Sanctions introduced in early 2022 by the EU and the United States have already shaken the Russian economy, and there is still room to strengthen them further.

While the sanctions imposed on Russia in 2014 were narrowly and clearly defined, the new measures affect the operation of practically every business that trades with Russia. Consequently, sanctions laws the subject of significantly increased attention attention in both in Finnish legal debate and practice.

This article examines some of the key areas of public and private law from the perspective of the EU’s latest sanctions regime and especially the legal basis of the sanctions, the criminalisation of sanctions violations, the most common issues of interpretation in the context of private law, as well as sanctions law provisions limiting liability in the event of civil disputes.

Asiasanat
• Energia - Euroopan unioni - Kansainvälinen kauppa - Sota - Ukraina