Sanctions adopted following Russia’s military aggression against Ukraine. In reaction to Russia’s military intervention against Ukraine...

The EU’s 12th sanctions package (Dec 2023) introduced Article 5r of Regulation 833/2014, requiring EU entities with over 40% Russian ownership to report quarterly transfers above €100,000 out of the EU (from 1 May 2024). EU credit and financial institutions must report such transfers semi-annually (from 1 July 2024). Reports use an EU template. Breaches risk fines or imprisonment, with Member States and the Commission reviewing compliance by Dec 2024.

MPC Legal helps businesses navigate the evolving EU sanctions landscape with tailored compliance services. We provide risk assessments, legal consultation, sanctions screening, and due diligence. Our team drafts and reviews contracts with protective clauses, delivers employee training, and assists with regulatory inquiries. We also offer ongoing monitoring and compliance audits to ensure alignment with EU rules, minimizing risk and safeguarding operations in complex internati

Sanctions adopted following Russia’s military aggression against Ukraine. In reaction to Russia’s military intervention against Ukraine...