AD Article
Summary of March 3rd, 2022 of the economic sanctions adopted by the EU in response to the war in Ukraine: impacts on the activity of Russian subsidiaries of European groups and possibility of using the force majeure shield
On February 21st, 2022, the President of the Russian Federation signed a decree recognizing the independence and sovereignty of the two separatist Ukrainian republics in the Donbas region, the republics of Donetsk and of Luhansk, and decided to send in troops to Ukraine. The European Union reacted immediately, through the voice of its High Representative for Foreign Affairs and Security Policy, by announcing as of February 22nd the unanimous adoption by the 27 Member States of several successive packages of sanctions targeting the Russian economy.