15th EU package of sanctions against Russia

On 16 December 2024 the European Union adopted its 15^th package of sanctions measures. The package includes travel bans and asset freeze measures against natural persons and  legal persons, entities, or bodies, updated sectoral sanctions and extension of derogations. Click to read the European Council press release giving details of the 15^th package .

The derogation from the prohibition on provision of services including accounting and auditing  services (which prohibition exists since the 6^th package of sanctions in 2022) has been extended to 31  December 2025 .To avail of the derogation the  provision of services must be strictly necessary for the divestment from Russia or the wind-down of business activities in Russia and certain conditions must be fulfilled: that the services are provided to and for the exclusive benefit of the legal persons, entities or bodies resulting from the divestment; and that  competent authorities deciding on requests for authorisations have no reasonable grounds to believe that the services might be provided, directly or indirectly, to the Government of Russia or a military end-user or have a military end-use in Russia.

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