The SCC Arbitration Institute (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.