Global Trade Alert
Global Trade Alert

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

Announcement

02 Mar 2022

In March 2022, the EU published additional financial sanctions on Russian entities. The measure forms part of the fourth sanctions package against Russia in the context of the attack on Ukraine.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

12 Mar 2022

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On 2 March 2022, the European Union adopted Council Regulation (EU) 2022/345 forbidding the provision of specialised financial messaging services used to exchange financial data to the following seven...

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Implementation date

02 Mar 2022

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

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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Related State Acts

23 Feb 2022

EU: Trade restrictions with Ukraine's non-government-controlled regions of Donetsk and Luhansk

23 Feb 2022

EU: Three Russian banks and one technology company added to the frozen funds list as part of sanctions package

25 Feb 2022

EU: Inclusion of 27 Belarusian companies in the frozen funds list following the attack on Ukraine

25 Feb 2022

EU: Prohibition to provide financial services to 76 Russian entities

25 Feb 2022

EU: Export ban on dual-use, oil refining and aviation goods and technology to Russia

28 Feb 2022

EU: Russian carriers banned from EU airspace

28 Feb 2022

EU: Russian insurance company SOGAZ added to the frozen funds list

28 Feb 2022

EU: Financial entities forbidden from processing transactions of the Russian Central Bank

23 Feb 2022

EU: Prohibition to provide financial services to the Russian government and Central Bank

02 Mar 2022

EU: Suspension of broadcasting activities of Russian state-owned Sputnik and RT

02 Mar 2022

EU: Further trade restrictions on Belarus includes export and import bans on several products

01 Mar 2022

Russian Federation: Ban on cash exports exceeding USD 10 thousand

03 Mar 2022

Russian Federation: 30% commission on foreign currency purchases by individuals

07 Mar 2022

Republic of Korea: Ministry of Economy and Finance publishes additional sanctions against Russia

09 Mar 2022

EU: Export ban on certain maritime technologies to Russia

09 Mar 2022

EU: Additional financial sanctions on Belarus, including on its Central Bank and the exclusion of 3 banks from SWIFT

26 Feb 2022

United States of America: U.S. Administration announces sanctions on ‘selected Russian banks’

26 Feb 2022

United Kingdom: UK government announces sanctions on ‘selected Russian banks’

15 Mar 2022

EU: Inclusion of 9 Russian companies into the frozen fund list

15 Mar 2022

EU: Further trade restrictions with Russia on steel and iron products, luxury goods and other financial sanctions

08 Apr 2022

EU: New import, export, and public procurement bans relating to Russia

08 Apr 2022

EU: Prohibition on supplying banknotes to Belarus and from using the country's road transport operators

08 Apr 2022

EU: Commission adds 4 Russian banks and 14 other companies to the frozen funds list

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