Potential impact of the EU sanctions

Updated on 6 April 2022

The SCC is currently evaluating the consequences of Council Regulation (EU) 2022/428 of 15 March 2022 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine. This page will be updated regularly.

The Arbitration Institute of the Stockholm Chamber of Commerce (SCC) is a neutral, independent and impartial dispute resolution venue in commercial business around the world. The SCC provides dispute resolution services to the Swedish and international business communities.

Since the introduction of sanctions by the EU against some Russian individuals and entities following the Russian Federation’s annexation of Crimea in 2014, the SCC has closely followed the developments. While Council Regulation (EU) 2014/269 regulates the freezing of funds of sanctioned individuals and entities, Council Regulation 2014/833 concerns sectorial sanctions.

Users who are in need of information about the EU sanctions against individuals and entities from Russia and Belarus and the potential impact of sanctions on SCC arbitrations, are recommended to read the following information.

The “General information” contains information about practical, administrative steps that need to be undertaken by parties who are covered by EU sanctions. The “Q & A” addresses some of the most commonly asked questions regarding sanctions.

EU Sanctions: General information

EU Sanctions: Q&A