The agreed package includes measures to:
strengthen bilateral and multilateral cooperation with third countries to impede sanctions’ circumvention;
prohibit the transit of goods and technology via Russia;
tighten export restrictions.
The agreed package includes measures to:
strengthen bilateral and multilateral cooperation with third countries to impede sanctions’ circumvention;
prohibit the transit of goods and technology via Russia;
tighten export restrictions.
The agreed package includes bans on:
exports of critical technology and industrial goods;
imports of asphalt and synthetic rubber;
provision of gas storage capacity to Russian entities;
transit through Russia of EU exported dual use goods and technology.
The new measures include bans on:
exports of drone engines;
exports of dual-use goods and technology;
investments in the mining sector;
transactions with the Russian Regional Development Bank;
the provision of advertising, market research and public opinion polling services.
A price cap is imposed on the maritime transport of Russian oil to third countries. Further measures include:
additions to the list of restricted items which may contribute to Russia’s military and technological enhancement;
additional restrictions on trade and services; targeting of Generals responsible for Russia’s occupation and annexation of territories and the “sham referenda”.
The sixth package includes a ban on the import of Russian seaborne crude oil starting from December 2022 and petroleum products starting from February 2023;
a SWIFT ban for three additional Russian bank and one Belarusian bank;
suspension of broadcasting in the EU for three more Russian state-owned outlets.
The fifth package includes a ban on:
imports from Russia of coal and other solid fossil fuels;
all Russian vessels from accessing EU ports;
Russian and Belarusian road transport operators from entering the EU;
imports of other goods such as wood, cement, seafood and liquor;
exports to Russia of jet fuel and other goods;
deposits to crypto-wallets.
Sanctions targeted to critical sectors, accompanied by restrictions on technology transfers. Includes a ban on:
all transactions with certain state-owned enterprises;
the provision of credit rating services to any Russian person or entity;
new investments in the Russian energy sector
The EU has excluded seven Russian banks from the SWIFT protocol. This will ensure that these banks are disconnected from the international Finance system and harm their ability to operate globally. The seven banks are Bank Otkritie, Novikombank, Promsvyazbank, Rossiya Bank, Sovcombank, Vnesheconombank (VEB), and VTB Bank.
The EU has also introduced a ban on:
investing, participating or otherwise contributing to future projects co-financed by the Russian Direct Investment Fund;
selling, supplying, transferring or exporting euro banknotes to Russia or to any natural or legal person or entity in Russia
Restrictions on Russian access to EU capital markets and technology, particularly in the oil, military, and dual-use sectors.
Further measures include: a ban on transactions with the Russian Central Bank;
a ban on the overflight of EU airspace and on access to EU airports by Russian carriers.
The EU Council agreed on a package of measures to respond to the decision by the Russian Federation to proceed with the recognition of the non-government controlled areas of Donetsk and Luhansk oblasts in Ukraine as independent entities, and the ensuing decision to send Russian troops into these areas. The agreed package includes: targeted sanctions against the 351 members of the Russian State Duma and an additional 27 Generals;
restrictions on economic relations with the non-government controlled areas of Donetsk and Luhansk oblasts;
restrictions on Russia’s access to the EU’s capital and Finance markets and services.