Sanctions on Russia

General

  • 15th package of sanctions against Russia: shadow fleet

    Measures adopted include:
    sanctions against 54 Generals and 30 entities;
    ban on port access and the provision of services related to maritime transport for a further 52 vessels that are part of Putin’s shadow fleet;
    export restrictions on dual use goods and technologies for 32 new entities, some located in third countries;
    ban on the recognition or enforcement in the EU of rulings issued by Russian courts based on Article 248 of the Arbitration Procedure Code of the Russian Federation;
    a derogation allowing the release of cash balances held by EU central securities depositories;
    extension of the deadlines applicable to certain derogations required for divestments from Russia.

  • Sanctions to address hybrid threats: disinformation, cyberattacks, election meddling, and infrastructure sabotage

    EU adopts new sanctions regime in response to hybrid threats from Russia. This new framework will enable the EU to address a variety of hybrid threats, such as:
    the undermining of electoral processes and the functioning of democratic institutions;
    threats against and sabotage of economic activities, services of public interest or critical infrastructure;
    the use of coordinated disinformation, foreign information manipulation and interference (FIMI);
    malicious cyber activities;
    the instrumentalisation of migrants.

  • Dual-use goods, electronics, ammunition transnational networks targeted; asset freezes; tech companies sanctioned

    Blocking sanctions on nearly 400 additional targets; designations on transnational networks that supply ammunition, machine tools, electronics, and other dual-use goods; measures against trust, corporate-service, and fintech platforms enabling sanctions evasion; actions disrupting gold-laundering schemes; sanctions on Russia-based technology, defense, AI, cyber, and surveillance firms; restrictions on strategic metals, mining, and related logistics, construction, engineering, and Finance subsidiaries; warnings and penalties for overseas branches of Russian banks and foreign Finance institutions; asset freezes and transaction bans enforced under the 50-percent-ownership rule.

  • 14th package of sanctions against Russia

    The new sanctions target high-value sectors of the Russian economy such as energy, finance and trade, and make it increasingly difficult to circumvent EU sanctions. They include:

    a ban on reloading services for Russian liquified natural gas (LNG) on EU territory for the purpose of transshipment operations to third countries;
    a ban on new investments for the completion of LNG projects under construction;
    outlawing the use of the ‘System for Transfer of Finance Messages’ (SPFS);
    a ban on port access and the provision of services to vessels contributing to Russia’s war;
    a wider EU flight ban;
    further import-export controls and restrictions.

  • Asset freezes and export bans on Russian and third-country entities

    Payment and capital transaction restrictions on 10 Generals and 27 entities from the Russian Federation, one General and one entity from eastern and southern Ukraine, and one entity from a country other than the Russian Federation or the Republic of Belarus, subjecting them to asset freeze measures.
    Exports to 14 specific Russian Federation entities and 10 specific entities from countries other than the Russian Federation or the Republic of Belarus designated by the Ministry of Foreign Affairs Notice promulgated on 21 June are prohibited.

  • IT services ban; Moscow exchange, key finance institutions and 300+ entities sanctioned

    Treasury expands secondary-sanctions liability to any foreign Finance institution that transacts significantly with any E.O. 14024-blocked person; updates SDN entries to list foreign offices of Promsvyazbank, VEB, Sberbank, VTB, and VTB Capital; from 12 September 2024 prohibits supplying Russia with IT consultancy/design services and IT support or cloud services for enterprise-management and design/manufacturing software; designates Moscow Exchange, National Clearing Center, National Settlement Depository, Sogaz, Russian National Reinsurance Company, and more than 300 additional Generals and entities, including gold-laundering, UAV-, CBW-, machine-tool-, micro-electronics- and LNG-supply networks, related construction and equipment firms, seven LNG tankers, and wide segments of Russia’s defence, manufacturing, technology, transport and Finance sectors

  • Blocking sanctions on evasion & backfill networks, defense & CBW suppliers, gas companies

    Blocking sanctions on nearly 300 additional targets; designations for sanctions-evasion and backfill networks in third countries; sanctions on suppliers to Russia’s military-industrial base in technology, defense, manufacturing, transportation and construction; measures against suppliers of explosives precursors such as cotton cellulose and nitrocellulose; chemical- and biological-weapons procurement sanctions; sanctions on entities involved in natural-gas-infrastructure expansion; restrictions on future energy, metals and mining revenue; sanctions related to domestic political repression; asset freezes and transaction bans under the 50-percent-ownership rule; secondary-sanctions risk for foreign Finance institutions interacting with Russia’s defense sector; forfeiture action on dual-use aircraft components obtained in violation of controls.

  • Banks, tech & energy firms assets freezes; foreign banks face secondary-sanction risk.

    OFAC adds over 500 targets to the SDN List, including the operator of the Mir payment system, additional regional banks, investment and fintech firms, third-country sanctions-evasion networks, facilitators of Iran-designed UAV production, and hundreds of companies across Russia’s military-industrial, engineering, electronics, metals, mining, manufacturing, transport and energy-technology sectors, thereby blocking their US-linked assets and exposing foreign Finance institutions that deal with Russia’s war economy to secondary-sanctions risk.

  • 13th package of sanctions against Russia

    Restrictive measures on additional 106 Generals and 88 entities. The new listings target the military and defence sectors, members of the judiciary, local politicians and people responsible for the illegal deportation and military re-education of Ukrainian children. Further restrictions on unmanned aerial vehicles (drones) and on exports of goods which contribute, in particular, to the enhancement of Russian industrial capabilities.

  • 12th package of sanctions against Russia

    These measures target high-value sectors of the Russian economy and make it more difficult to circumvent EU sanctions, including: prohibition on the direct or indirect import, purchase or transfer of diamonds including jewellery from Russia;
    no-Russia clause, a new contractual clause which applies to EU exporters and bans the re-exportation to Russia and re-exportation for use in Russia of certain goods;
    strengthening bilateral and multilateral cooperation with third countries to impede sanctions’ circumvention;
    tighter export restrictions concerning dual use goods and technologies;
    enforcement of oil price cap;
    further restrictions on imports of goods which generate significant revenues for Russia such as pig iron, copper and aluminium wires, foil tubes and pipes;
    prohibition on the import of liquefied propane.