On Monday 28 February, the EU further designated 26 persons and 1 entity and introduced new restrictions relating to aviation and the Central Bank of Russia, in response to the ongoing conflict in Ukraine. The new designations include individuals connected to the oil, banking and finance sectors, as well as members of the Russian government, military and media. Of particular note are the inclusions of Igor Sechin (CEO of Rosneft), Nikolay Tokarev (CEO of Transneft),…
In light of the further escalation of the Russia-Ukraine conflict, the EU agreed on Friday, 25 February, on a second wave of sanctions targeting broad areas of the Russian economy and other high profile political and military leaders in Russia and Belarus. In brief, the new restrictions include: designations of Russian and Belarusian individuals;wide-ranging restrictions on trade in goods and associated services, including dual-use and various other items, and goods for the oil refining, aviation…
On 23 February 2022, the Council adopted a package of measures to respond to Russia’s decision to recognize the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine as independent entities, and the subsequent decision to send Russian troops into these areas. The package consists of the measures outlined below. Targeted restrictive measures Within the existing framework for sanctions, the EU has designated all the 351 members of the Russian State Duma, who…
On Tuesday, 22 February, a meeting of the EU Foreign Affairs Ministers took place to discuss a proposed package of sanctions in response to Russia’s actions in the Donetsk and Luhansk Regions of Ukraine. After the meeting, Jean-Yves Le Drian, Minister for Europe and Foreign Affairs, and Josep Borrell, High Representative of the EU for Foreign Affairs and Security Policy, held a press conference where they confirmed the following: All 351 members of the lower…