The Council of the European Union has recently enacted regulations which require the Member States of the European Union to impose sanctions against Russian individuals and companies in response to Russia’s military action in Ukraine. These new sanctions may have adverse consequences for European biofuels companies that wish to transact business in Russia. This article will describe these sanctions and will explain how European biofuels companies can determine whether these sanctions affect their business dealings in Russia or with Russian counterparties.
Richard E. Weiner
Assistant: Renee Senger, 612.492.7588