European Commission updates its FAQs on asset freezes and the prohibition on making funds or economic resources available, focusing on sanctions against Russia and Belarus 

The guidance clarifies how these restrictions apply in practice, including to funds and economic resources made available directly or indirectly. It addresses ownership and control considerations involving non-listed entities linked to designated persons. It also provides clarification on applicable exemptions and derogations, including the release of frozen funds in specific circumstances. The update is relevant to financial institutions assessing…