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French Senate Overwhelmingly Votes to Roll Back Russia Sanctions

By Peter Jeydel on June 9, 2016
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Yesterday, the French Senate voted 302-16 to “gradually and partially” lift sanctions on Russia, despite opposition from the Hollande government.  While this vote has no legal effect, it was a strong showing of political opposition in France to the continuing EU sanctions.  The US and EU have largely remained aligned on their policy that Russia sanctions should not be rolled back until “full implementation” by both Russia and Ukraine of the Minsk agreement, but certain interest groups in Europe, including exporters of agricultural products and manufactured goods, and oil and gas companies, have been calling for more of a step-by-step approach.  The vote also included elements of political opposition to the Hollande government, and anti-Americanism.  Despite this symbolic gesture of opposition, EU sanctions are likely to be renewed for another six months at the end of July.  Germany, which also is facing significant political opposition to these sanctions, has taken on the role of maintaining EU unity on this matter and has expressed that it will not support any rollback until the Minsk accords are fully implemented.

Photo of Peter Jeydel Peter Jeydel

Peter Jeydel‘s practice focuses on US export controls and economic sanctions, including the Commerce Department’s Export Administration Regulations (EAR), the State Department’s International Traffic in Arms Regulations (ITAR), and sanctions regulations administered by the Treasury Department’s Office of Foreign Assets Control (OFAC)…

Peter Jeydel‘s practice focuses on US export controls and economic sanctions, including the Commerce Department’s Export Administration Regulations (EAR), the State Department’s International Traffic in Arms Regulations (ITAR), and sanctions regulations administered by the Treasury Department’s Office of Foreign Assets Control (OFAC) and the State Department. His practice spans all aspects of these regimes, including counseling, compliance, transactional advice, licensing and opinions, disclosures, and enforcement actions. He has also represented companies and individuals seeking de-listing from OFAC’s sanctions list. In addition, Pete has assisted clients in anti-corruption matters, including under the US Foreign Corrupt Practices Act (FCPA), and has experience handling reviews and investigations by the Committee on Foreign Investment in the United States (CFIUS).

Read Pete’s full bio.

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  • Posted in:
    Government and Public Policy
  • Blog:
    International Compliance Blog
  • Organization:
    Steptoe LLP

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