Financial stability

Restrictive measures against Russia

In light of the actions of Russia, which destabilised the situation in Ukraine, the EU first introduced economic restrictive measures against Russia on 31 July 2014 via Regulation (EU) 833/2014 and Council Decision 2014/512/CFSP, which entered into force on 1 August 2014. When Russia recognised the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine and then began its military aggression against Ukraine, the EU responded with various restrictive measures. The measures are continuing to be tightened and expanded. 

A quick overview of the current restrictive measures against Russia can be found in the infographic on the Council of the EU website: EU sanctions against Russia over Ukraine - Consilium (europa.eu). This also provides a timeline of the adoption of new restrictive measures: Sanctions adopted following Russia’s military aggression against Ukraine | European Commission (europa.eu).

 

New sanctions by area

Sanctions are listed in this PDF document.

 

New sanctions in chronological order with links to the EU regulations

 

23 February 2024

The Council of the EU adopted Regulation 2024/745 amending Regulation 833/2014, with effect from 24 February 2024.

The European Commission press release

The most important changes are:

  • 17 Russian companies and 10 third country companies (4 based in China and one each in Kazakhstan, India, Serbia, Thailand, Sri Lanka and Turkey) subject to restrictions on the export of dual-use goods and technology, as well as goods and technology that might contribute to technological enhancement of  Russia`s defence and security sector were added to the Annex IV.
  • The list of advanced technology items that may contribute to Russia's military and technological enhancement or to the development of its defence and security sector was expanded.

In accordance with Council Implementing Regulation 2024/753 implementing Regulation (EU) 269/2014 106 individuals and 88 entities were added to the list.

 

18 December 2023

The Council of the EU adopted Regulation 2023/2878 amending Regulation 833/2014, with effect from 19 December 2023.

TheEuropean Commission press release

The most important changes are:

  • imposing an obligation on Member States to identify funds and economic resources belonging to, owned, held or controlled by listed natural or legal persons, entities or bodies, in order to prevent, detect or detect violations of, or attempts to circumvent, Decision 2014/512/CFSP and Regulation (EU) No 269/2014.
  • introduction of reporting for any transfer of funds above EUR 100,000 outside the EU by an EU-based entity which is more than 40% owned directly or indirectly by Russians or entities established in Russia; new Art. 5r.
  • the introduction of a derogation allowing certain payments in relation to claims for damages involving a newly added entity.
  • the introduction of a prohibition for Russian citizens to own or control legal persons, entities or bodies that provide wallets, banking or trust services to Russian persons and residents in connection with crypto-assets, or to hold any position in the management bodies of such legal persons, entities or bodies.
  • setting out the conditions under which a deceased person may remain on the list of natural or legal persons, entities or bodies to whom the freezing of funds applies and prohibiting the making available of funds and economic resources, for example where the Council considers that the funds are likely to be used to finance Russia's war of aggression against Ukraine.
  • a prohibition on the direct or indirect import, purchase or transfer of diamonds from Russia.
  • extension of the list of items contributing to the military and technological strengthening of Russia or to the development of its defence and security sector, including chemicals, lithium batteries, thermostats, DC motors and servomotors for unmanned aerial vehicles (UAVs), machine tools and machine parts.
  • the imposition of additional restrictions on the export of goods which could contribute in particular to strengthening Russia's industrial capacity.
  • imposing additional restrictions on imports of goods which generate significant revenues for Russia and thus allow the continuation of the war of aggression against Ukraine.

In accordance with Council Implementing Regulation 2023/2875 implementing Regulation (EU) 269/2014 further 61 natural persons and 86 legal entities are added to Annex I. The person listed under the number 1645 has a temporary address in the Republic of Slovenia.

 

23. June 2023

Official Journal of the European Union, L 159I, 23 June 2023

The Council of the EU adopted Regulation 2023/1214 amending Regulation 833/2014, with effect from 24 June 2023. Some important changes:

  • expanding the list of goods contributing to Russia's military and technological improvements or to the development of its defence and security sector by adding goods used by Russia for its war of aggression against Ukraine and goods contributing to the development or production of its military systems;
  • extending the ban on the carriage of goods by road in the Union to the carriage of trailers and semi-trailers registered in Russia;
  • the prohibition on the provision of transferable securities to persons in Russia extended to financial instruments denominated in any currency;
  • the introduction of a derogation from the prohibition on the provision to Russian entities of certain services necessary for the establishment, certification or assessment of a firewall, which removes the control exercised by a listed person over the assets of a non-designated Union entity owned or controlled by a listed person and ensures that that person does not benefit in any way from it, so that that entity can continue its business activities;
  • the introduction of a temporary derogation from the prohibition on the provision of legal advisory services to legal persons, entities or bodies established in Russia; the competent authorities of the Member States may, until 31 March 2024, authorise the provision of legal services which are mandatory under the national law of a Member State to complete f such divestments:
  • extending the suspension of broadcasting licences in the Union to five Russian media outlets under the permanent control of the Russian leadership and prohibiting the dissemination of their content;

Pursuant to Art. 1 of Regulation (EU) 2023/1215 amending Regulation (EU) 269/2014, persons and subjects acilitating infringements of the prohibition against circumvention, otherwise significantly frustrating those provisions and legal persons, entities or bodies operating in the Russian IT-sector with a license administered by the Federal Security Service of the Russian Federation (FSB) Center for Licensing, Certification, and Protection of State Secrets or a ‘weapons and military equipment’ license administered by the Russian Ministry of Industry and Trade, shall be added; amended Art. 3(1) of the Regulation (EU) 269/2014.

In accordance with Council Implementing Regulation 2023/1216 implementing Regulation (EU) 269/2014 further 71 natural persons and 33 legal entities are added to Annex I. The Council adopted the first listing related to sanctions circumvention, following an infringement procedure in one member state.

 

25 February 2023

The Council of the EU adopted Regulation (EU) 2023/427 amending Regulation (EU) 833/2014, with effect from 26 February 2023. The most important changes are:

  • A new reporting obligation of reserves and assets of the Central Bank of Russia: Accordingly, natural and legal persons, entities and bodies, including the European Central Bank, national central banks, financial sector entities as defined in Article 4 of Regulation (EU) No. 575/2013, insurance and reinsurance undertakings within the meaning of Article 13 of Directive 2009/138/EU, central securities depositories within the meaning of Article 2 of Regulation (EU) No 909/2014 and central counterparties within the meaning of Article 2 of Regulation (EU) No 648/2012 to the competent authority of the Member State where they are located, no later than two weeks after 26 February 2023, information about certain assets and reserves of the Central Bank of Russia referred to in paragraph 4 that they hold or control or are a counterparty to. This information shall be updated every three months. This obligation will apply from 27 April 2023; Art. 5a(4a).

Pursuant to Art. 6b(5a) of Regulation (EU) 426/2023 amending Regulation (EU) 269/2014, there is an authorization to the competent national authority to unfreeze certain frozen funds or economic resources of the economic resources of the russian central securities depository (National Settlement Depository – NSD), if this is necessary for the sale or transfer of securities for the benefit of a legal person, entity, or body located in the Union.

In accordance with Council Implementing Regulation (EU) 2023/429 implementing Regulation (EU) 269/2014 further 87 natural persons and 34 legal entities are added to Annex I. Of particular note are Alfa Bank, PJSC Rosbank and Tinkoff Bank JSC.

Accordingly, their assets located in the EU are to be frozen and no funds or economic resources may be made available to them, either directly or indirectly or they may not benefit from them. This means that, if certain conditions are met, the possibility of releasing frozen funds or economic resources in accordance with Art 6b(2d) of Regulation (EU) No 269/2014.

 

16 December 2022

The Council of the EU adopted Regulation (EU) 2022/2474 amending Regulation 833/2014, with effect from 17 December 2022. The most important changes are:

  • As from 16 January 2023, it is prohibited to hold any posts in the governing bodies of legal persons, entities or bodies established in Russia that are publicly controlled or more than 50 % publicly owned, or in which Russia, its government or central bank has the right to participate in profits or with which Russia , its government or central bank has other substantial economic relationships; Art. 5aa(1b).
  • A full transaction ban on the Russian Regional Development Bank; Annex XIX, part C.
  • New services are added which are prohibited to be provided to the Russian government and to legal persons, entities or bodies established in Russia, namely: market analysis and opinion polling services, technical testing and analysis services and advertising services; Art. 5n(2a).
  • Additional reporting obligation for credit institutions: they shall supply to the national competent authority of the Member State where they are located or to the Commission by no later than 27 May 2023 a list of deposits exceeding 100 000  EUR held by a legal person, entity or body established outside the Union and whose proprietary rights are directly or indirectly owned for more than 50 % by Russian nationals or natural persons residing in Russia. They shall provide updates regarding the amounts of such deposits every 12 months; Art. 5g(1), new point (aa).
  • As of 29 January 2023 it shall be prohibited to admit to trading, on trading venues registered or recognised in the Union, the transferable securities of any legal person, entity or body established in Russia and with over 50 % public ownership; Art. 5(5).
  • In addition, the amendments are mainly limited to clarifications or tightening of existing sanctions in the area of trade in goods (imports and exports) and related financing. In addition to the energy sector, the amendments also concern the mining industry.

In accordance with Council Implementing Regulation 2022/2476 implementing Regulation 269/2014 further 141 individuals and 49 entities were added on the list, among them twoo additional Russian banks (CREDIT BANK OF MOSCOW, JSC ‘DALNEVOSTOCHNIY).

 

6. October 2022

The Council of the EU adopted Regulation (EU) 2022/1904 amending Regulation 833/2014, with effect from 7 October 2022. The most important changes are:

  • New export restrictions: Additional banning of the export of coal including coking coal (which is used in Russian industrial plants), specific electronic components (found in Russian weapons), technical items used in the aviation sector, as well as certain chemicals. A prohibition on exporting small arms and other goods under the anti-torture Regulation has been added.
  • New import restrictions: Additional import restrictions include, among others, a ban on the import of Russian finished and semi-finished steel products (subject to a transition period for some semi-finished), machinery and appliances, plastics, vehicles, textiles, footwear, leather, ceramics, certain chemical products, and non-gold jewellery.
  • Implementing the G7 oil price cap: This measure takes effect after 5 December 2022 for crude and 5 February 2023 for refined petroleum products, after a further decision by the Council.
  • Restrictions on State-owned enterprises: Ban on EU nationals from holding posts in the governing bodies of certain state-owned enterprises.
  • Financial, IT consultancy and other business services: The existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet (previously up to €10,000 was allowed).

 

In accordance with the Council Regulation (EU) 2022/1905 amending Regulation (EU) No 269/2014. The EU has introduced a new listing criterion, which will allow it to sanction persons who facilitate the infringements of the prohibition against circumvention of sanctins.

In accordance with the Regulation (EU) 2022/1903 amending Regulation (EU) 2022/263 the restrictions imposed as a result of the recognition of non-government areas in the Donetsk and Luhansk regions of Ukraine and the deployment of Russian forces in these areas in Kherson and Zaporizhzhya are extended.

In accordance with the Council Implementing Regulation (EU) 2022/1906 implementing Regulation (EU) No 269/2014 additional 30 individuals and 7 entities listed.

 

21 July 2022

The Council of the EU adopted Regulation 2022/1269 amending Regulation 833/2014, with effect from 22 July 2022. The most important changes are:

  • Gold import ban: The import of all gold originating from Russia and exported from Russia into the EU or to any third country is prohibited. An exemption applies for gold jewellery of travellers for their personal use; Art. 3o.
  • Reporting requirements strengthened: Sanctioned people are obliged to declare their assets, in order to facilitate the freezing of their assets in the EU.
  • Targeted export bans: Export controls on dual use and advanced technology is reinforced by extending the list of items which may contribute to Russia’s military and technological enhancement or the development of its defence and security sector.
  • Port access ban: Russian flagged vessels are banned to access locks to prevent the circumvention of sanctions; Art. 3ea.
  • Financial sanctions: The prohibition on accepting deposits is expanded to deposits from legal persons, entities or bodies established in third countries and majority-owned by Russian nationals or natural persons residing in Russia. Additionally, the acceptance of deposits for non-prohibited cross-border trade will be subject to a prior authorisation by the national competent authorities; Art. 5b
  • Food and energy security: Transactions for agricultural products and the transport of oil to third countries with certain state-owned entities are exempted
  • Medical and pharmaceutical exemptions: Exemptions are added for certain export prohibitions for medical and pharmaceutical purposes
  • Clarifications: introduction of a number of clarifications to existing measures, for instance in the field of public procurement, aviation and justice

In accordance with Council Implementing Regulation 2022/1270 further 54 individuals and 10 entities were added on the list.

3 June 2022

The Council of the EU adopted Regulation 2022/879 amending Regulation 833/2014, with effect from 4 June 2022. The most important changes are:

  • A partial ban on imports of Russian oil into the EU is adopted, which will initially only include oil imported by sea. However, crude oil delivered via pipelines will be temporarily exempted. Due to its specific geographical exposure, a special temporary derogation has been agreed for Bulgaria until the end of 2024, which will be able to continue importing crude oil and petroleum products via sea freight. In addition, Croatia will be able to authorise imports of Russian vacuum gas oil, which is necessary for the operation of its refinery, until the end of 2023.
  • After a wind down period of 6 months, EU operators will be prohibited from insuring and financing the transport, in particular through maritime routes, of oil to third countries.
  • An additional 3 Russian banks, including Russia's largest bank Sberbank, have been removed from SWIFT.
  • The provision of certain business-relevant services - directly or indirectly – such as accounting, auditing, statutory audit, bookkeeping and tax consulting services, business and management consulting, and public relations services to the Russian government, as well as to legal persons, entities or bodies established in Russia are now prohibited.
  • The broadcasting activities of another 3 Russian State outlets – Rossiya RTR/RTR Planeta, Rossiya 24/Russia 24, and TV Centre International – have been suspended.
  • The list of advanced technology items banned from export to Russia has been expanded to include additional chemicals that could be used in the process of manufacture of chemical weapons.
  • Another 65 individuals and 18 entities responsible for atrocities committed by Russian troops in Buche and Mariupol have been added to the sanctions list.

8 April 2022

  • 217 more individuals and 18 entities are added to the sanctions list. Among entities there are also 4 banks. After being de-SWIFTed these banks are now subject to an asset freeze, thereby being completely cut off from EU markets (Council implementing regulation 2022/581 of 8 April 2022 implementing Regulation (EU) No 269/2014; Annex I).
  • 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 (Regulation 2022/576 amending Regulation 833/2014; Art. 3j).
  • A prohibition to provide access to EU ports to vessels registered under the flag of Russia. Derogations are granted for agricultural and food products, humanitarian aid, and energy (Regulation 2022/576 amending Regulation 833/2014; Art. 3 ea).
  • A ban on any Russian road transport undertaking preventing them from transporting goods by road within the EU, including in transit. Derogations are nonetheless granted for a number of products, such as pharmaceutical, medical, agricultural and food products, including wheat, and for road transport for humanitarian purposes (Regulation 2022/576 amending Regulation 833/2014; Art. 3l).
  • Further export bans, targeting jet fuel and other goods such as quantum computers and advanced semiconductors, high-end electronics, software, sensitive machinery and transportation equipment, and new import bans on products such as: wood, cement, fertilisers, seafood and liquor. (Regulation 2022/576 amending Regulation 833/2014; Art. 3k in connection with Annex XXIII).
  • New bans on imports of goods that generate significant revenues for Russia and thus enable it to operate, destabilising the situation in Ukraine, such as: timber, cement, fertilisers, seafood and alcoholic beverages (Regulation 2022/576 amending Regulation 833/2014; Art. 3i in connection with Annex XXI).
  • Prohibition to register, provide a registered office, business or administrative address as well as management services to, a trust or any similar legal arrangement having as a trustor or a beneficiary (Regulation 2022/576 amending Regulation 833/2014; Art. 5m).
  • A general EU ban on participation of Russian companies in public procurement and concession contract in member states (Regulation 2022/576 amending Regulation 833/2014; Art. 5k).
  • Prohibition on providing crypto-asset wallet, account or custody services to Russian nationals or natural persons residing in Russia, or legal persons, entities or bodies established in Russia, if the total value of crypto-assets of the natural or legal person, entity or body per wallet, account or custody provider exceeds EUR 10.000 (Regulation 2022/576 amending Regulation 833/2014; Art. 5b(2)).
  • Prohibition on the sale of banknotes denominated in any official currencies of the EU member states to Russia or to any natural or legal person, entity or body in Russia (Regulation 2022/576 amending Regulation 833/2014; Art. 5i).
  • Prohibition on the sale of transferrable securities denominated in any official currencies of the EU member states to Russia and Belarus, or to any natural or legal person, entity or body in Russia (Regulation 2022/576 amending Regulation 833/2014; Art. 5f(1)).
  • Prohibition of public subsidies or subsidy programmes at EU or national level in favour of of Russian public institutions (Regulation 2022/576 amending Regulation 833/2014; Art. 5l).

 

15 March 2022 

  • 15 more individuals and 9 entities are added to the sanctions list (Council Implementing Regulation (EU) 2022/427 of 15 March 2022 implementing Regulation (EU) No 269/2014). 
  • Investments and joint ventures with Russian entities operating in the energy sector, and the financing and provision of loans or credits to such entities, are prohibited. The prohibition shall take effect from the date of entry into force of the amendments to the Regulation. It shall also be prohibited to create any new joint venture with any legal person, entity or body incorporated or constituted under the law of Russia or any third country and active in the energy sector in Russia (Regulation 2022/428 amending Regulation 833/2014; Art. 3a).
  • It shall be prohibited to import, directly or indirectly, iron and steel products into the Union and to transport them to another country if they originate in Russia or have been exported from Russia. It shall be prohibited to purchase iron and steel products located in Russia or originating in Russia (Regulation 2022/428 amending Regulation 833/2014; Art. 3g in connection with Annex XVII).
  • It shall be prohibited to sell, supply, transfer or export, directly or indirectly, luxury goods to any natural or legal person, entity or body in Russia or for use in Russia (if their value exceeds EUR 300 per item) (Regulation 2022/428 amending Regulation 833/2014; new Art. 3h in connection with Annex XVIII).
  • It shall be prohibited to engage, directly or indirectly, in any transaction with a legal person, entity or body domiciled in Russia that is publicly controlled or more than 50 % publicly owned, or in which Russia, its government or central bank has a profit-sharing right or other significant economic relationship with Russia, or with a legal person, entity or body acting on behalf of, or at the direction of, such entities. (Regulation 2022/428 amending Regulation 833/2014; new Art. 5aa in connection with Annex XIX).
  • As of 15 April 2022, the granting of credit ratings and access to subscriptions to credit rating and analysis information to any entity in Russia is prohibited The prohibition does not apply to nationals of a Member State or natural persons holding a temporary or permanent residence permit in a Member State. (Regulation 2022/428 amending Regulation 833/2014; new Art. 5j).

 

 9 March 2022

  • Listing 46 members of the Council of the Russian Federation which ratified the government decisions on the 'Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Donetsk People's Republic and between the Russian Federation and the Luhansk People's Republic', and 14 persons supporting and benefiting from the Government of the Russian Federation, or providing it with a substantial source of income, or associated with persons or entities on the list (Council Implementing Regulation (EU) 2022/396 of 9 March 2022 implementing Regulation (EU) No 269/2014);
  • It shall be prohibited to sell, supply, transfer or export, directly or indirectly, the goods and technology for maritime navigation listed in Annex XVI, whether or not originating in the Union, to any natural or legal person, entity or body in Russia, for use in Russia or for incorporation on board a Russian flag vessel. Financing and technical assistance related to the following shall also be prohibited (Regulation 2022/394 amending Regulation 833/2014; Art. 3f in connection with Annex XVI).
  • All transactions related to the management of the reserves and assets of the Central Bank of Russia, including transactions with any legal person, entity or body acting on behalf of or at the direction of the Central Bank of Russia, such as the Russian National Property Fund, are prohibited (Regulation 2022/394 amending Regulation 833/2014; Art. 5a(4)).
  • In Article 1f, the term 'transferable securities' shall be supplemented to include crypto assets (Regulation 2022/394 amending Regulation 833/2014; Art. 1f).

 

1 March 2022

  • The following banks are prohibited from providing specialised financial communication services used for the exchange of financial data (SWIFT): Bank Otkritie, Novikombank, Promsvyazbank, Rossiya Bank, Sovcombank, VNESHECONOMBANK (VEB), and VTB BANK. This prohibition shall also apply to any legal person, entity or body established in Russia of which more than 50 % is owned, directly or indirectly, by the banks listed. The exclusion of the listed banks from SWIFT shall take place on 12.3.2022. (Regulation 2022/345 amending Regulation 833/2014).
  • It is prohibited to invest in, participate in or otherwise contribute to projects co-financed by the Russian Direct Investment Fund. (Regulation 2022/345 amending Regulation 833/2014; Art. 2e(2))
  • It is prohibited to sell, supply, transfer or export euro banknotes to Russia or to any natural or legal person, entity or body in Russia, including the Government and the Central Bank of Russia, or for use in Russia (Regulation 2022/345 amending Regulation 833/2014; Art 5i).
  • Prohibition of broadcasting channels: RT – Russia English, RT – Russia Today UK, RT – Russia Today Germany, RT – Russia Today France, RT – Russia Today Spanish in Sputnik (Regulation 2022/350 amending Regulation 833/2014; Art. 2f).

 

28 February 2022

  • Central Bank of Russia: all transactions related to the management of the reserves and assets of the CBR are prohibited, including transactions with any legal person, entity or body acting on behalf of or at the direction of the CBR (Regulation 2022/334 amending Regulation 833/2014);
  • Air transport: Russian air carriers, all aircraft registered in Russia and all aircraft not registered in Russia but owned, leased or otherwise controlled by any Russian natural or legal person, entity or body shall be prohibited from landing in, taking off from or transiting the territory of the Union (Regulation 2022/334 amending Regulation 833/2014).

 

25 February 2022

  • Financial sector: prohibition on of listing and provision of services in relation to shares of Russian state-owned entities on Union trading venues. Prohibition on the acceptance of deposits above certain amounts from Russian citizens or residents, on the maintenance of accounts of Russian clients by central securities depositories in the Union and on the sale of euro-denominated securities to Russian clients (Regulation 2022/328 amending Regulation No 833/2014);
  • Energy and transport sector: prohibition on the sale, supply, transfer or export to Russia of certain goods and technologies for use in the refining of crude oil, and restrictions on the provision of related services; prohibition on exports covering goods and technologies suitable for use in the aerospace industry, and on the provision of insurance, reinsurance and maintenance services in respect of those goods and technologies, prohibition on the provision of technical assistance and other related services, and on the provision of financing and financial assistance in respect of goods and technologies subject to this prohibition (Regulation 2022/328 amending Regulation No 833/2014);
  • Dual-use goods: additional restrictions on the export of dual-use goods and technologies and the provision of related services, as well as restrictions on the export of certain goods and technologies that could contribute to technological improvements in the Russian defence and security sector. It also introduces restrictions on the provision of related services. Limited exemptions from such restrictions are provided for legitimate and predefined purposes (Regulation 2022/328 amending Regulation No 833/2014);
  • Export controls and export financing: prohibition on providing public financing or public financial assistance for trade with or investment in Russia, subject to certain exceptions (Regulation 2022/328 amending Regulation No 833/2014);
  • Additional individuals listed, including Vladimir Putin and Sergei Lavrov, the remaining members of the Russian State Duma who voted in favour of recognition, members of the National Security Council, and individuals who facilitated Russia's military aggression from Belarus (Regulation 2022/328 amending Regulation No 833/2014);
  • New listing criteria (Regulation 2022/330 amending Regulation 269/2014).

 

23 February 2022

  • Listing 336 members of the Russian State Duma who voted in favour of recognising Donetsk and Luhansk (Council Implementing Regulation (EU) 2022/261 of 23 February 2022 implementing Regulation (EU) No 269/2014);
  • Listing of 22 individuals and 4 entities for their actions against the territorial integrity, sovereignty and independence of Ukraine: These include decision-makers, such as members of the government, who participated in illegal decisions; banks and businessmen/oligarchs who financially or materially support or benefit from Russian operations in the territories of Donetsk and Luhansk; senior military officers who participated in the invasion and destabilisation measures; and individuals responsible for waging a war of spreading disinformation against Ukraine (Council Implementing Regulation (EU) 2022/260 of 23 February 2022 implementing Regulation (EU) No 269/2014);
  • Restrictions on economic relations with the non-government-controlled parts of the Donetsk and Luhansk administrative regions (establishment of a new sanctions regime): a ban on the import of goods from the non-government-controlled areas of Donetsk and Luhansk regions, restrictions on trade and investment related to certain sectors of the economy, a ban on the provision of tourist services, and a ban on the export of certain goods and technologies (Council Regulation 2022/263 of 23 February 2022);
  • restrictions on Russia's ability to access EU capital and financial markets and services: prohibition on financing of the Russian Federation, its government and central bank (Council Regulation 2022/262 amending Regulation 833/2014).

 

 

With regard to Russia, the Government of the Republic of Slovenia has adopted the following implementing Regulation: Regulation concerning restrictive measures in connection with Russia's action in connection with the situation in Ukraine and the implementation of regulations (EU) relating to those restrictive measures (Official Gazette, No 34/2022) (pisrs.si).

 

 

Related