Eiropas Savienības mērķēto sankciju ietekme uz līgumu izpildi

The illegal full-scale invasion of Ukraine by Russia provoked a justified response from European Union, not only condemning Russia as the instigator of the war, but also imposing sanctions. Given Latvia’s geographical location and historical circumstances, the sanctions imposed on Russia and a number of Russian-related persons raised, and continue to raise, a number of questions about the impact of such sanctions on the performance of contracts, both as to whether the imposition of sanctions on one of the contracting parties (whether creditor or debtor) justifies a breach of the obligations undertaken and whether the imposition of sanctions is grounds for unilateral termination of the contract. In the article, the author discusses the impact of European Union’s targeted sanctions on the performance of contracts.