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EU Imposed Sanctions

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On 2 March 2022, the EU significantly expanded its sanctions against Belarus, in response to Belarus’ role in the ongoing crisis in Ukraine. Belarus was already subject to significant EU sanctions targeting its financial, dual-use, military, tobacco, petroleum and potash sectors, many of which were imposed following the Belarusian Government’s response to civil unrest following the 2021 election (see our previous post here). Many of the changes are in line with sanctions imposed against Russia…

On March 2, 2022 the EU introduced new sanctions entailing, inter alia, the disconnection of certain Russian banks from SWIFT. As of March 12, 2022, the following banks will be cut-off from SWIFT: Bank OtkritieNovikombankPromsvyazbankBank RossiyaSovcombankVNESHECONOMBANK (VEB)VTB BANK In addition, the new EU Regulation prohibits the sale, supply, transfer or export (“Supply”) of euro denominated banknotes to Russia or to any natural or legal person, entity or body in Russia, including the government and the…

The EU has today introduced a media ban that applies to the following Russian channels: RT- Russia Today EnglishRT- Russia Today UKRT – Russia Today GermanyRT – Russia Today FranceRT- Russia Today SpanishSputnik All EU broadcasting licences and authorisations and any transmission and distribution arrangements for these channels are suspended. Operators cannot broadcast or enable, facilitate or otherwise contribute to broadcast, any content by these entities. This includes transmission or distribution by any means such…

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),…