The European Commission has launched a new package of measures against Russia. The new EU package of measures "Maintenance and Alignment" aims to strengthen the effectiveness of the six previous EU sanctions packages. Furthermore, new measures will be introduced. The already existing EU sanctions are to be extended until January 2023.
The package introduces a new import ban on Russian gold. At the same time, export controls on dual-use goods and advanced technology will be tightened. Reporting requirements will also be tightened to ensure a more robust asset freeze by the EU.
EU Official Journal:
Regulation (EU) 2022/1269 adapts Regulation (EU) No 833/2014. It mainly contains corrections in the area of goods and finance-related measures.
Implementing Regulation (EU) 2022/1274 added further listings of persons, entities and bodies (including the Russian financial institution Sberbank) to Regulation (EU) 269/2014.
In addition, Regulation (EU) 2022/1273 adopted a reporting obligation for natural or legal persons, entities and bodies listed in Annex I on their frozen assets located in the EU.