The European Commission today announced that the European Council has approved an eighth package of sanctions against Russia for its aggression against Ukraine.
According to today’s EC release, the package contains:
- Sanctions on additional individuals and entities
- An extension of restrictions to the oblasts of Kherson and Zaporizhzhia
- New export restrictions
- New import restrictions
- Implementation of the G7 oil price cap
- Restrictions on state-owned enterprises
- A new listing criterion to sanction persons who facilitate the infringements of the prohibition against circumvention of sanctions
Source KPMG
Latest Posts in "European Union"
- Germany: Good-Faith Reliance on VAT Margin Scheme Invoice Allowed
- EU Court: Germany Can’t Charge VAT on Unused Sailboat Repairs from Switzerland
- EU VAT Reform: Will ViDA Replace Reverse Charge?
- EU Advocate General on VAT Treatment of Mixed Art Installation
- European Union Reverse Charge Risks for Non-Resident Suppliers
