Friday, December 16, 2022

EU Prohibits Citizens From Holding Senior Positions In Russian State-Owned Companies

EU Prohibits Citizens From Holding Senior Positions In Russian State-Owned Companies

Under the ninth sanctions package against Russia the EU prohibits citizens to hold governing posts in Russian state-owned companies, the Council of the EU said on Friday.

"As of today EU nationals will be forbidden from holding any posts on the governing bodies of all Russian State-owned or controlled legal persons, entities or bodies located in Russia," the press release read.

The EU also bans the provision of certain consulting service to Russia.

"Today's decisions introduce a ban on the provision of EU advertising, market research and public opinion polling services, as well as product testing and technical inspection services to the Russian Federation," the statement read.

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