The EU Commission has today outlined its proposals for additional sanctions against Russia. See here for the full press statement. The EU Commission is proposing that the EU: Designates additional individuals and entities: These will include the Russian administrative entities of occupied Ukrainian territory (Donetsk People’s Republic, Luhansk People’s Republic, Kherson Military-Civilian Administration and Zaporizhzhia Military-Civilian Administration); officials in the Russian Ministry of Defence and those supplying the Russian Armed Forces; individuals who facilitated the…
On 15 March, the EU introduced further sectoral measures targeting the Russian economy. The new measures were announced after informal meetings took place between the EU heads of state and the G7 countries’ leaders. The new sectoral restrictions pertain, inter alia, to the following: transactions with certain state-owned enterprises;provision of credit rating services;new investment in the Russian energy sector;export of equipment, technology and services for the energy industry;import of iron and steel; andexport of luxury…
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),…
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…