Russian IT, aviation companies hit by EU sanctions

In particular, Infotex, N-Systems and certain other companies were included into the black list.
The European Union included several Russian IT companies into the 12th package of anti-Russian sanctions.
The list of companies under sanctions is posted in the Official Journal of the EU.
In particular, Infotex, N-Systems and certain other companies were included into the black list.
The EU also introduced sanctions against certain Russian aviation plants and companies, including aviation plants in Kazan, Novosibirsk and Komsomolsk-on-Amur. Restrictions were also imposed on the Alabuga special economic zone.
The EU also for the first time included the possibility of confiscating financial assets of a Russian legal entity or an individual into the regime of sanctions against Russia for purposes of subsequent compensations to European companies, whose Russian assets became owned by the Russian state or companies, as part of the 12th package of sanctions.



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