Which are true regarding compliance with EU sanctions?

EU sanctions apply to:

• All EU nationals,

• All persons within the territory of the EU, including foreign nationals residing or operating within the EU,

• All EU legal entities, regardless of where they operate, and

• Any business conducted within the EU or using EU jurisdictional touchpoints.

EU sanctions do not have general extraterritorial effect. Unlike US sanctions (which can apply based on currency, goods origin, or facilitation), EU sanctions apply within EU territory, including airspace, and to EU persons globally.

EU sanctions do not automatically have a broader scope than US sanctions; in many cases, US sanctions have the broader reach.