Economic sanctions are aimed at individuals and legal entities!
On one hand, the sanctions include a travel ban and the assets of designated persons.
The economic sanctions (Regulations see: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AJOL_2014_229_R_0001) adopted by the European Union directed against individuals and legal entities in Russia. On one hand, the sanctions include a ban on entry into the countries which have imposed them. On the other hand the assets of persons listed is frozen in this EU countries, without losing ownership. Moreover, it is forbidden to handle transactions with them, neither to finance them nor to grant loans with a maturity of more than 90 days. This also applies to companies controlled by these persons as well as companies circumventing the sanctions, such as payments through third parties or assignment of rights.
Furthermore, the EU sanctions prohibit Russian banks with state participation of more than 50%, new stocks in the EU for sale. Pronounced were also delivering bans of high technologies, particularly in the field of oil production. After comments from the consulting and auditing company Rödl & Partner is also prohibited to make investments with the Republic of Crimea and the city of Sevastopol. There is also a ban on the Grant of lawsuits to "sanctioned" legal transactions.
Specifically delivery bans were doing in favor of military equipment such as weapons and ammunition. In so-called dual-use products deliveries are prohibited in connection with a military use or a military receiver. Also included are products and technologies in the field of energy. This means that all exports to Russia and to Russian companies need to be reviewed. In smaller companies, who violate them, this may affect existentially.
Important for any business that has a direct relationship with a Russian company or acts as a third party, to observe the political development and the measures to minimize the risk of non-compliance and thus comply with the compliance guidelines.