European Commission Issues New Russia-Related Sanctions FAQs

The European Commission recently updated its more than 350 pages of frequently asked questions on Russia-related sanctions to provide guidance on its latest sweeping sanctions package announced in December (see 2312180070). The updated FAQs, dated Dec. 22, address how the EU will enforce new restrictions on Russian iron and steel products and their effective dates, how sanctions apply to certain divestments related to Russia, information on the EU’s new import ban on Russian diamonds and more.