Trade / Logistics
Russia Sanctions: Ban on the provision of services to legal entities established in Russia - How far do these sanctions really go?
Due to the new sanctions measures of the eighth sanctions package, the existing ban on the provision of certain services (specifically, accounting, auditing, tax consulting, management consulting and communications consulting) to legal entities established in Russia has been extended. As of October 7, 2022, the provision of engineering and architectural services, as well as IT consulting and legal services, to legal entities established in Russia is also generally prohibited. However, the ban contains numerous exceptions. We clarify what is permissible and what is not.