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.
OFAC designates Sberbank, Alfa-Bank and their respective subsidiaries as SDNs under full blocking sanctions; amended General Licenses 8B, 9B and 10B extend energy-related dealings, debt-and-equity activity and derivative-contract wind-downs involving Alfa-Bank and earlier-listed banks through 24 June or 30 June 2022; a new executive order bars any new US investment in Russia and empowers OFAC to prohibit specified US-origin services and the facilitation of transactions that US persons could not lawfully perform themselves.
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 United States designated Nord Stream 2 AG and its CEO Matthias Warnig as Specially Designated Nationals, blocking their US-linked assets and transactions.
Presidential decree extends Russia’s ban on selling oil under the Western-imposed price cap until December 31, 2025.