In June 2022, the European Commission announced its sixth package of sanctions against Russia.
One of the measures is that the provision directly or indirectly of certain business-relevant services such as accounting, auditing including statutory audit, bookkeeping and tax consulting services, business and management consulting, and public relations services to the Russian government, as well as to legal persons, entities or bodies established in Russia are now prohibited.
The relevant legal acts, a
Decision 2022/884 and a
Regulation 2022/879 have been published in the Official Journal.
An
FAQ document has been updated to provide further information on the prohibition of certain business services. The document explores the services prohibited and the entities impacted.