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Global Trade Alert

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EU: Additional financial sanctions on Russia, including the exclusion of 7 banks from the SWIFT paying system

Description

On 2 March 2022, the European Union adopted Council Regulation (EU) 2022/345 setting up additional financial restrictions on Russian entities in the context of the attack on Ukraine. The regulation en...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

02 Mar 2022

Revocation date

No revocation date

Implementation level

Supranational

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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