The EU has enacted new sanctions against Russia in the Ukraine crisis.
The new EU sanctions against Russia have previously been formally adopted by the 27 member states. The foreign ministers of the EU states had already agreed politically on the sanctions package on Tuesday evening, 22 February 2022. In the meantime, the sanctions have been published in the Official Journal of the EU.
The package of measures provides for 351 members of the Russian parliament to be placed on the EU sanctions list. The individuals are those who initiated the recognition of the self-proclaimed Luhansk and Donetsk People's Republics in eastern Ukraine. In addition, there are 27 individuals and entities that contribute to undermining Ukraine's territorial integrity, sovereignty and independence.
Restrictive measures include freezing assets and prohibiting the provision of funds to listed individuals and entities.
The Council decided to introduce a sectoral ban on financing the Russian Federation, its government and its central bank. By restricting the access of the Russian state and government to EU capital and financial markets and services, the EU aims to limit the financing of escalating and aggressive policies.
In addition, the listed persons are subject to a travel ban preventing them from entering or transiting the territory of the EU.
In the course of the sanctions, Council Regulation (EU) 2022/263 also imposed a ban on the import of all goods from the non-government-controlled areas of the Donetsk and Luhansk oblasts. A legacy clause is contained in Article 2(1) of the Regulation. Far-reaching restrictions on trade and investment apply to certain sectors of the economy, as does a ban on the provision of tourism services. Art. 4 of the Regulation introduces a comprehensive export ban on certain goods and technologies listed in Annex II to the Regulation and specified on the basis of the description of the goods and the chapters / codes of the Combined Nomenclature. Similarly, it is prohibited to provide technical assistance or brokering, construction or engineering services directly related to infrastructure in the specified areas in the sectors referred to in Article 4(1), which are defined on the basis of Annex II. This includes repair, maintenance, installation, etc.
Specifically, the existing Regulations (EU) 833/2014 (restrictive measures in respect of acts by Russia destabilising the situation in Ukraine) and Regulation (EU) 269/2014 (restrictive measures in respect of acts undermining or threatening the territorial integrity, sovereignty and independence of Ukraine), among others, were also amended. New regulations were added and can be found in the Official Journal of the EU L42 I of 23.02.2022.
Link:
Council Regulation (EU) 2022/259 of 23. February 2022
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