Sanctions and counter-sanctions due to the ongoing crisis in Ukraine

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The last few weeks have been marked by a number of sanctions against Russia in response to Russia’s aggression against Ukraine, as well as counter-measures from Russia. The situation changes almost daily but the sanctions that have so far been issued by the EU and the US are intended to restrict access to Russia, its central bank and other financial institutions for financing, as well as to freeze assets and also make travel difficult for Russian politicians and other high-ranking actors in Russia. Russia has responded with restrictions regarding e.g. profit payments and transfers of bank funds to citizens and entities in “unfriendly states”.

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