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<p> </p><p>The European Union has coordinated very closely with the United States
on sanctions against Russia. The European Union and the United States acting in a
coordinated manner not only has the maximum possible effect on Russia’s policy calculations
but also ensures that we reduce to an absolute minimum the likelihood that any UK
companies that comply with the European Union legislation will nevertheless fall foul
of United States’ sanctions legislation applying extraterritorially. At present we
are not aware of any specific circumstances where this is likely to occur, but any
company with concerns about United States sanctions should in the first instance consult
United States lawyers or regulatory authorities to ensure that they comply with applicable
United States legislation.</p><p> </p>
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