Sanctions on Russia

European Union

  • Third package of sanctions: SWIFT ban

    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

  • Second package of sanctions against 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.

  • First package of sanctions against Russia

    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.