Prohibition on providing access to EU ports to vessels registered under the flag of Russia. The European Commission plans to issue a clarification that will allow Russia to resume sending supplies to the exclave of Kaliningrad via Lithuania. An EU official told CNN earlier that banning all seaborne oil would cover more than two-thirds of imports from Russia. Number of individuals sanctioned by the EU due to the Russia-Ukraine war 2022. Since March 2014, the EU has progressively imposed restrictive measures (sanctions) against Russia, initially in response to the illegal annexation of Crimea and Sevastopol and the deliberate destabilisation of Ukraine. Imports of coal into the EU are currently worth EUR 8 billion per year. These are summarised below. The new Sanctions are the go-to tool when leaders want to do something about Russia, but most of the penalties over the past decade have been economically minor and ineffective at changing Russian policy. Why is it so difficult to convert Americas These measures include: an import ban on goods originating in Crimea or Sevastopol; restrictions on trade and investment related to certain economic sectors and Below is a timeline of the sanctions adopted in response to Russias decision, announced on 21 February 2022, to recognise the non-government controlled areas of Donetsk and Luhansk oblasts in Ukraine as independent entities, and Russias subsequent invasion of Ukraine on 24 February 2022. With the rapid expansion of UK, EU and US sanctions on Russia and Belarus in recent weeks - and with more in the regulatory pipeline we set out: What's New This Week (to 4 July) A 5-step checklist for assessing how your activities may be affected. 12 April 2022 Supervision. Partner +44 20 7466 2470. March 31st, 2022 | Maya Lester QC. EU officials said the impact of the blocs sanctions so far over the first four weeks shows that imports into the 27 nations from Russia dropped off by 9% in EU: Further sanctions against Russia. The U.S., Europe, and allied nations in Asia have together already imposed sweeping sanctions on Russia, including on its central bank, in response to the Ukraine invasion.

Shortly after, on February 27, 2022, and on March 2, 2022, the EU published further far-reaching sanctions and export controls. European Union member states have agreed on a fourth package of sanctions against Russia following its invasion of Ukraine, the office of the French EU presidency has announced. Since Russia deliberately violated international law by invading Ukraine, the EU has adopted six packages of sanctions against Moscow. The EU has massively expanded sanctions against Russia in 2022, in response to Russia's decision to recognise the non-government-controlled areas of the Donetsk and Luhansk oblasts as independent entities and the unprovoked and unjustified Russia is the second largest gold mining country in the world, and its gold exports were estimated to be worth 12.6 billion in 2021. The most far-reaching measures are introduced in Council Regulation (EU) 2022/328 (the Regulation). Below, we discuss the sanctions in force at the time of posting of this news release. Breaking EU sanctions on Russia is now a criminal offence in 12 EU countries.

These sanctions build on, and expand, the earlier sanctions. Targeted sanctions: The EU extended the existing sanctions against Russia by including all the 351 members of the Russian State Duma and 27 high profile individuals and entities. Restrictions on economic relations with the Donetsk and Luhansk regions: This concerns trade between the EU and the Donetsk and Luhansk regions, and includes an import and This alert provides a further update on the rapidly evolving sanctions landscape with regard to the Ukraine crisis, further to our alerts on February 22 and February 25.

Since late February 2022, the United States (U.S.), the European Union (EU) and its member states, the United Kingdom (U.K.), and many othersincluding Japan, Australia, New Zealand, Taiwan and Canadahave imposed sweeping new sanctions on Russia in response to its invasion of Ukraine. Council Decision (CFSP) 2022/88 and Council Regulation (EU) 2022/879. Voiced by Amazon Polly. We both agree on the need for the seventh EU sanctions package on Russia and we are working on it. The EU on Friday formally adopted sweeping new sanctions against Russia, including bans on the import of coal, wood, chemicals and on all transactions with four Russian banks, including VTB . UK, and EU sanctions against Russia, and will issue further updates in the event of material developments. UNITED NATIONS (AP) The United States and its allies clashed with Russia and China in the U.N. Security Council on Monday over the usefulness and impact of U.N. sanctions, which are currently imposed on countries from North Korea to Yemen and Congo as On 15 March, the EU introduced further sectoral measures targeting the Russian economy. On February 24, 2022, EU leaders met at a special summit and agreed on further sanctions against Russia. EU, U.S. and U.K. sanctions programs implemented back then have been maintained ever since, serving as the legal foundation of the 2022 successive actions. These developments are summarised below. II. On 8 April 2022, the European Union imposed new sanctions against Belarus and Russia. The EU has continued to add to its sanctions regime in light of the ongoing war, and as the situation in Ukraine is constantly developing, the The European Commission proposed on Wednesday to make breaking European Union sanctions against Russia a crime, a move that would allow EU governments to confiscate assets of companies and individuals that evade EU restrictions against Moscow. The leading news of the day; EU Sanctions Damaged Russia Ever Since The Invasion!Are the sanctions that have been placed on Russia helpful, yes. EU Leaders Back Financial Sanctions, Tech Limits on Russia. 20 EU officials stated that the sanctions are designed to have maximum impact on Russias political elite and four major economic sectors, namely the finance, energy, aviation and space, and high-tech sectors. Since March 2014, the EU has progressively imposed restrictive measures on Russia in response to the: illegal annexation of Crimea in 2014; decision to recognise the non-government-controlled areas of the Donetsk and Luhansk oblasts as independent entities in 2022; unprovoked and unjustified military aggression against Ukraine in 2022; The EU has imposed The new measures , which came after weeks of member state negotiations, focus on oil imports and transport, broadcasting outlets, export restrictions, further financial and business-related restrictions, and the criminalisation of On Feb. 23, 2022, the Council of the European Union (Council) agreed on a package of sanctions to respond to the decision by Russia to proceed with the recognition of the areas of Donetsk and Luhansk oblasts in Ukraine as independent entities, and the decision to send Russian troops into these areas. Since the 23 rd of February 2022, the European Union (the "EU") has adopted four separate sanctions packages in response to Russia's illegal and unprovoked military aggression against Ukraine.The sanctions adopted on the 23 rd of the February were in response to Russia's decision to recognise the two 'People's Republics' of Donetsk and - a prohibition to purchase, import or transfer coal and other solid fossil fuels into the EU if they originate in Russia or are exported from Russia, as from August 2022. The United States, European Union (EU), and United Kingdom (U.K.) have continued to put in place new sanctions targeting Russia in response to the ongoing invasion of Ukraine. EU member states are still trying to overcome their differences as they look to approve a fifth round of sanctions against Russia. May 4, 2022 1:29 pm. On 26 February 2022, in response to Russia's invasion of Ukraine, Regulation (EU) 2022/328 of 25 February 2022 (the Regulation) came into force.The Regulation introduces broad new sanctions on Russian airlines, the Russian aviation sector (including aviation insurance) and certain related activities, entities and persons. A culmination of sanctions compliance challenges Altogether, 2022 sanctions developments in relation to Russia magnify trends and challenges observed for the past decade or so: EU Actions. Niall Moran (DCU). Kuleba himself announced it on Twitter: "we have coordinated the positions in view of the meeting of the G20 foreign ministers and we both agree on the need for the EU's seventh package of sanctions against Russia and we are working on it". Weve already used the sanctions that dont cause us a lot of pain, such as travel bans on Putin allies and a ban on providing technology and loans to the Russian oil and gas sector. New sanctions would hurt companies that do business with Russia and could lead to retaliation. Western banks should be prepared for cyberattacks, Kilcrease said.

Five days later, on 28 February 2022, the EU prohibited The full list of names can be found in Council Implementing Regulation (EU) 2022/427. Check the EU sanctions map. sanctions against Russia July 3, 2022 at 3:32 p.m. EDT A Ukrainian antiaircraft gun parked June 24 along a road on the outside of the eastern Ukrainian city of Lysychansk. Yes, they are already hitting Vladimir Putin and his accomplices hard, and their effects on the Russian economy will increase over time. On 3 June 2022 the EU published its 6th package of sanctions against Russia, and the IG Clubs published a circular focusing the measures in the 6th package of sanctions which impact on the transport and insurance of oil and petroleum products; and the prohibitions on transacting with Russian state-owned enterprises. EU and UK Adopt Additional Sanctions Against Russia, with Further International Sanctions Measures Announced February 28, 2022, Covington Alert.

The EU adopted its 6th package of Russia sanctions on Friday. This is an update to an earlier Just the Facts called EU Sanctions EU: Blame Russia, not sanctions, for global food crisis June 20, 2022, 1:04 PM. New designations. Before the introduction of the EUs fifth sanctions package, the EU had introduced an export restriction on goods and technology suited for use in oil refining, as listed in Annex X. The new measures provide for various restrictions, including additional targeted restrictions against specified individuals; expanded financial measures Partner +44 20 7466 2580. In June 2022, the Council adopted a sixth package of sanctions that, among others, prohibits the purchase, import or transfer of crude oil and certain petroleum products from Russia to the EU. (HANDLE). Below is a timeline of the sanctions adopted in response to Russia's decision, announced on 21 February 2022, to recognise the non-government controlled areas of Donetsk and Luhansk oblasts in Ukraine as independent entities, and Russia's subsequent invasion of Ukraine on 24 February 2022. Press Release. OFAC Notice & Press Release, State Department Press Release, Aerospace, electronics & marine sanctions The Treasury Secretary has issued a Determination which extends the application Following Russias invasion of Ukraine, the EU has adopted a much more severe sanctions package against Russia than the measures adopted on February 23, 2022 (see our previous previous blog post). On April 8, 2022, the EU released a fifth wave sanctions package in light of Russias continuing war of aggression against Ukraine, and the reported atrocities committed by Russian armed forces in Ukraine. The economic sanctions and trade restrictions include the following: Sanctions on Oligarchs and Kremlin Officials

The EU is on Saturday set to slam Moscow with a new raft of trade sanctions as Russia shows no sign of ending its war in Ukraine, European Commission President Ursula von der Leyen said Friday at the EU leaders summit in Versailles. New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper More The logo is on display in an office of the Russian largest lender Sberbank in Moscow, Russia December 24, 2020. New derogation options from the asset freeze and the prohibition to make funds and economic resources available to designated persons and entities. March, 2022 - EU sanctions on Russia. EU Sanctions: Commission to Allow Russia to Resume Transports to Kaliningrad. 7/1/2022, 8:39:32 AM. Today, the US added to its Russia sanctions measures. Of Counsel +44 20 7466 6443. On 23 February 2022, the EU expanded the sanctions in response to the recognition of the non Daniel Hudson. The European Commission today announced an agreement of the European Council to adopt further restrictive measures against Russia in response to the situation in Ukraine. The most far-reaching measures are introduced in Council Regulation (EU) 2022/328 (the Regulation). Read aloud.

The Regulation amends Regulation (EU) 833/2014, first issued in August 2014, which set out the EUs existing Russia sectoral sanctions regime, and introduces new measures targeting various sectors of the Russian economy. Europe has deployed an unprecedented arsenal of economic sanctions against Moscow in an attempt to weaken Russias economy and force Vladimir Putin to abandon his war in Ukraine. Berlin supports the idea, but some in Vilnius are not pleased. State Department Press Release & Factsheet, Treasury Press Release & Notice, White House Factsheet. EU considers energy sanctions on Russia after nuclear power plant attack Published Fri, Mar 4 2022 7:43 AM EST Updated Fri, Mar EU adopts 6th package of Russia sanctions. These are summarised below. 7) Regulations 2022 introduced a number of further changes to the UK's Russia sanctions regulations. State Department Press Release & Factsheet, Treasury Press Release & Notice, White House Factsheet. March 15, 2022. Europe is the biggest buyer of Russian energy. On 8 April 2022, the EU adopted additional sanctions in response to Russias illegal and unprovoked military aggression against Ukraine.

New UK, EU and US Sanctions on Russia and Belarus update as of 4 July. Department of State The Department of State has imposed visa restrictions on 511 officers of the Russian military and 18 Lithuania is enforcing E.U. Following Russia's invasion of Ukraine in February 2022, the United States, the European Union, and other countries, introduced or significantly expanded sanctions to include Vladimir Putin and other government members, and cut off "selected Russian banks" from SWIFT, triggering the 2022 Russian financial crisis and massive international boycott of Russia and On 8 April 2022, the Council of the European Union (the "Council") adopted new restrictive measures against Russia due to the ongoing conflict in Ukraine.These new sanctions complement those adopted up until 15 March 2022, which we have discussed in previous newsflashes. The EU has progressively imposed sanctions on Russia since 2014, following the illegal annexation of Crimea.. EU Sanctions. March 17, 2022 By Olof Konig, Fredric Ericsson, Riccardo Ovidi and Roberto Cursano 7 Mins Read. Russia is the second largest gold mining country in the world, and its gold exports were estimated to be worth 12.6 billion in 2021. sanctions against Russia July 3, 2022 at 3:32 p.m. EDT A Ukrainian antiaircraft gun parked June 24 along a road on the outside of the eastern Ukrainian city of Lysychansk. (c) ANP. In total, as of April 11, 2022, 1,091 individuals and 80 entities have been designated under the EU's Ukraine/Russia-related sanctions program. Genocide & war crimes committed against innocent civilians by the Russian troops in #Bucha #Ukraine must be met with new sanctions & increased military assistance to Ukraine. The package of sanctions has five pillars covering: Capital markets: Financial sanctions that cut Russias access to capital markets, including targeting 70% of the Russian banking market and key state-owned companies. 2:21. See also previous post, post & post. The leading news of the day; EU Sanctions Damaged Russia Ever Since The Invasion!Are the sanctions that have been placed on Russia helpful, yes. On March 30, 2022, The Russia (Sanctions) (EU Exit) (Amendment) (No. Plastic letters arranged to read "Sanctions" are placed in front flag colors of Switzerland and Russia in this illustration taken February 28, 2022. With this latest revision of the Ordinance on Measures connected with the Situation in Ukraine (the Ordinance), Switzerland has adopted the EUs latest package of sanctions (see blogpost here). On 3 June 2022, the European Council finally adopted the sixth set of economic and individual sanctions targeting Russia and Belarus. Since 21 February 2022, the EU and its Member States have adopted a mixture of sanctions against Russia. Lithuania is enforcing E.U. Tomorrow, we will take a fourth package of measures to further isolate Russia and drain the resources it uses to finance this The invasion of Ukraine by Russia on 24 February 2022 resulted in the EU rapidly implementing a significant set of sanctions against Russia. The European Commission has published a statement on its Freeze and Seize Taskforce, which was established in March 2022 to ensure coordination among Member States in the enforcement of EU sanctions and to explore the interplay between sanctions and criminal law measures such as confiscation of assets. Press Release, Press Release and Q&A. Latest US Russia sanctions. The provision of euro These sanctions have been far-reaching, covering the five main types of targeted sanctions including sanctions on the banking system, commodities, sectors such as aviation and luxury goods, as well as sanctions on high-profile Susannah Cogman. These measures can be found in Regulation 2022/328.

Restrictive measures against individuals Richard Tauwhare. On April 14, 2022, the U.K. introduced The Russia (Sanctions) (EU Exit) (Amendment) (No. EU introduces additional sanctions against Russia. Derogations are granted for agricultural All life articles on 2022-07-02. Department of State The Department of State has imposed visa restrictions on 511 officers of the Russian military and 18 8) Regulations legislation, which sets out prohibitions (as well as limited exceptions) on the: export, supply and delivery of luxury goods to Russia, to a person connected with Russia or for use in Russia; Dmytro Kuleba (@DmytroKuleba) July 2, 2022 The EU has just dealt a shock to its supply of potash, a crucial ingredient for growing enough food risking a strain on the global food chain in service of its campaign to isolate Belarus over its involvement in Russia's invasion of Ukraine. targeting the Russian elite by banning their big deposits in EU banks; We are also blocking Russias EU-held foreign exchange reserves by: agreeing to exclude key Russian banks from the SWIFT system, the worlds dominant financial messaging system; prohibiting investing in projects co-financed by the Russian Direct Investment Fund. As this is an extraordinary situation, we are providing a brief explanation in this news release. Elizabeth Head. In this Just the Facts, the several rounds of EU sanctions imposed against Russia on 23, 25, 28 February; 2, 15 March; 8 April and 30 May are examined. The European Commission on Wednesday targeted the head of the Russian Orthodox Church, Patriarch Kirill, as part of its sixth package of sanctions against Russia. In our call today, @JosepBorrellF and I discussed further steps after Ukraine became an EU candidate country and coordinated positions ahead of the G20 Foreign Ministers meeting. On Tuesday (28 June 2022), the US Departments of Treasury and State imposed further Russia sanctions. The new On 25 February 2022, the European Union Supply is already failing to keep up with demand and investors are on high alert for any further supply shortfalls that could occur through in a variety of ways, including damaged infrastructure in a war, sanctions on Russia or Moscow moving to weaponize With this latest revision of the Ordinance on Measures connected with the Situation in Ukraine (the Ordinance), Switzerland has adopted the EUs latest package of sanctions (see blogpost here). It is either an administrative On 24th February, 2022, the European Union put into place a wide range of measures in response to the conflict in Ukraine. Source: ansa. June 6th, 2022 | Maya Lester QC. By Jacopo Barigazzi and Camille Gijs. May 8, 2022 4:15 pm. BRUSSELS (AP) The European Union's top diplomat said on Monday he has written to all African foreign ministers to explain that the bloc's sanctions on Russia are not responsible for the looming - a prohibition to provide access to EU ports to vessels registered under the flag of Russia. The measures include Regulations and Decisions which, among other things, ban (i) the purchase, transfer and importation of coal and other solid fossil fuels of Russian origin into Following the passage of the Act, OFSI announced the addition of 350 Russia-related entries to the UKs asset freeze list. The restrictions will apply gradually: within six months for crude oil and within eight months for other refined petroleum products. On Tuesday (28 June 2022), the US Departments of Treasury and State imposed further Russia sanctions. 05/07/2022.

The Regulation amends Regulation (EU) 833/2014, first issued in August 2014, which set out the EUs existing Russia sectoral sanctions regime, and introduces new measures targeting various sectors of the Russian economy. On 29 June 2022, the Swiss Federal Council imposed further sanctions against Russia, in line with its announcement from 10 June (see blogpost here). On 8th April, 2022 the EU implemented a fifth package of sanctions on Russia by way of Council Decision (CFSP) 2022/578, Council Regulation 2022/576,and Council Regulation 2022/581..

European Union countries are struggling to agree on the details of a new package of Russia sanctions including how a ban on Vladimir Putin's oil industry would work, diplomats told POLITICO. This Task Force aims to ensure the effective implementation of financial sanctions on Russian elites and oligarchs to further drive collective efforts to tackle Kremlin-linked illicit finance. On this page. First package of sanctions. Since late February 2022, the United States (U.S.), the European Union (EU) and its member states, the United Kingdom (U.K.), and many others including Japan, Australia, New Zealand, Taiwan and Canada have imposed sweeping new sanctions on Russia in response to its invasion of Ukraine. This update highlights notable sanctions developments since our March 4, 2022 client update. The EC also provided a set of questions and answers (Q&As) concerning the restrictive measures against Russia. On 29 June 2022, the Swiss Federal Council imposed further sanctions against Russia, in line with its announcement from 10 June (see blogpost here). The measures are summarised below. March 4, 2022 12:29 pm. Access to capital markets was also restricted on 23 February 2022 for the Russian Federation, its government, the Central Bank of Russia and any entity acting on behalf of or at the direction of the Central Bank of Russia (Council Decision (CFSP) 2022/264 and Council Regulation (EU) 2022/262). The EU has adopted Council Decision (CFSP) 2022/962, which renews until 23 June 2023 its sanctions regime in respect of Russias annexation of Crimea and Sevastopol.

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