Sector-wide: EU & US sanctions on Russia move to next level

On 31 July 2014 the EU announced ‘tier 3’ sanctions on Russia in the wake of escalating tension in eastern Ukraine and the downing of flight MH17. Susannah Cogman of Herbert Smith Freehills in London provides a guide to the corresponding EU regulations while Scott Balber in the firm’s New York office examines the tightening US sanctions.