Update on international sanctions issued after Russian military actions in Ukraine
On June 28th, the US adopted the following restrictive measures:
- Ban on new imports of Russian gold
- Sanctions on those who support Russia’s defense industrial base including State Corporation Rostec and its key holdings and affiliates
On June 23rd, the UK government adopted its latest package of trade sanctions against Russia that essentially consist on prohibiting the export, supply and delivery, making available and transfer (as well as related technical assistance, financial services, funds and brokering services) of the following:
- Internal repression goods and technology;
- Goods and technology relating to chemical and biological weapons;
- Maritime goods and technology;
- Additional oil refining goods and technology; and
- Additional critical industry goods and technology.
On June 3rd, the EU adopted the 6th package of sanctions that essentially consist of:
- A ban import on Russian oil
- Broadcasting prohibition in EU for Russian media outlets including 3 more state–owned outlets
- Swift ban on an additional 4 banks
- Further sanctions on individuals and entities
On May 19th, the following sanction have been imposed:
- The UK Government, under the Regime: Russia (Sanctions) (Eu Exit) Regulations 2019, added three (3) new entities to the UK SanctionsList (“UKSL List”).
On May 13th, the following sanction have been imposed:
- The UK Government, under the Regime: Russia (Sanctions) (Eu Exit) Regulations 2019, added twelve (12) new persons to the UK SanctionsList (“UKSL List”).
On May 9th, the following sanction have been imposed:
- The UK Government, under the Regime: Russia (Sanctions) (Eu Exit) Regulations 2019, added seventy four (74) new persons and four (4) entities to the UK SanctionsList (“UKSL List”).
On May 8th, the following sanctions have been imposed:
- The OFAC (US) added thirty three (33) natural persons, twenty two (22) entities and sixty nine (69) vessels to the SDN list.
On April 21st, the EU adopted the following sanctions:
- The Council considers that two individuals should be added to the list of persons, entities and bodies subject to restrictive measures set out in the Annex to Decision 2014/145/CFSP for their role in undermining or threatening the territorial integrity, sovereignty and independence of Ukraine and for benefitting from Russian decision-makers responsible for the annexation of Crimea or the destabilization of Eastern Ukraine.
On April 20th, the following sanction have been imposed:
- The OFAC (US) added nineteen (19) natural persons and forty (40) entities to the SDN list.
On April 13th-14th, sanction have been imposed that essentially consist of:
- The UK Government added two hundred and eight (208) individuals to the UK sanctions list.
On April 8th, the EU adopted the following sanctions:
- Ban on imports from Russia of coal and other fossil fuels.
- Ban on Russian vessels and Russian – operated vessels from accesing EU ports.
- Ban on Russian and Belarusian road transport operators from entering the EU.
- Full transaction ban on four key Russian banks.
- Further targeted export bans.
- New listing including 217 individuals and 18 entities.
On March 31st, the following sanction have been imposed:
- New package of UK sanctions including individuals and entities.
On March 29th, sanctions have been imposed that essentially consist of:
- UK extends existing finance, trade and shipping sanctions measures in relation to Crimea and the city of Sevastopol
- UK introduces prohibitions on technical assistance relating to aircrafts and ships.
On March 25th, the following sanctions have been imposed:
- Switzerland prohibits the export of goods and related services for the Russian energy sector as well as the export of luxury goods and maritime navigation goods.
- Switzerland prohibits transactions with certain state-owned companies and the provision of credit rating services.
On March 24th, sanctions have been imposed that essentially consist of:
- New package of UK sanctions including individuals and companies.
- New US designations that include the Members of Russia´s State Duma.
On March 15th, sanctions were imposed that basically consisted of the following:
- New package of EU sanctions that include prohibiting all transactions with certain state-owned enterprises, the provision of any credit rating services to any Russian person or entity and new investments in the Russian energy sector.
- Further trade restrictions and new listings are also part of the EU new sanctions package.
- New UK listings targeting Members of the Federation Council of the Russian Federation among others.
On March 11th, sanctions have been imposed that essentially consist of:
- The UK Government added three hundred eighty-six (386) individuals, members of The State Duma of Russia.
- New US Executive Order prohibiting certain imports, exports, and new investment.
On March 10th, the following sanction have been imposed:
- New UK listings targeting Russian Businessmen.
On March 9th, sanctions have been imposed that essentially consist of:
- Ban on Russian energy imports to the United States.
- Prohibition of new investment in the energy sector in the Russian Federation, applicable to US nationals.
- New EU listings regarding members of the Russian Federation Council who ratified the government decisions of the “Treaty of Friendship, Cooperation and Mutual Assistance”.
- Further EU restrictive measures with regard to the export of maritime navigation goods and technology.
- Additional EU restrictive measures related to the financial sector in Belarus that entail: limitation the financial inflows from Belarus to the Union; prohibition of transactions with the Central Bank of Belarus and restrict the provision of specialised financial messaging services to three Belarusian credit institutions and their Belarusian subsidiaries.
On March 3rd, the following sanction have been imposed:
- New listings including individuals, entities, vessels and aircrafts.
On March 2nd, the following sanctions have been imposed:
- It is prohibited to provide financial messaging services to 7 Russian banks.
- It is forbidden to export euro banknotes to Russia.
- It is forbidden to broadcast to certain stations.
- 20 more natural persons are designated (essentially military).
On February 28th, sanctions have been imposed that essentially consist of:
- Aircraft operated by Russian airlines cannot take off, land or fly over the territory of the European Union.
- All transactions related to the management of reserves or assets with the Central Bank of Russia are prohibited.
This is an overview, which is collected over 500 pages. There would be much more to say about exceptions, authorizations and other issues that need more detailed treatment.
On February 25th, sanctions were imposed that basically consisted of the following:
- Financial sanctions were extended, affecting more companies.
- Russian bank deposits in the European Union were limited to €100,000.
- It is forbidden to sell negotiable securities to Russians.
- The export of dual-use goods is tightened.
- The supply to Russia of products and technologies suitable for use in oil refining is prohibited.
- It is prohibited to provide public financing for trade with Russia.
- It is prohibited to export goods and technologies for the aeronautical and space industry.
On February 23rd, Russia sanctions were imposed that basically consisted of the following:
- The 351 members of the State Duma, 23 other natural persons (politicians, public servants, bankers), and 4 entities, mainly banks, were appointed, which means that they cannot enter the territory of the European Union and their assets remain frozen and no funds may be made available for the persons or entities sanctioned.
- Trade between the European Union and Donetsk and Luganks was limited.
- The access of the Russian State and its Government to the European financial market and to certain financial services was limited.
- The agreement on visa facilitation between the European Union and Russia was partially suspended, affecting businessmen, members of the Government and the Administration and others.
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