Global Trade Alert
Global Trade Alert

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

Announcement

09 Mar 2022

In March 2022, the EU adopted additional financial restrictions against Belarus in the context of the Russian attack on Ukraine.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Apr 2022

Revocation date:

No revocation date

Announced: 09 Mar 2022
Controls on credit operations In force
On 9 March 2022, the European Union adopted Council Regulation (EU) 2022/398 setting up additional financial restrictions on Belarusian entities in the context of its involvement in the Russian attack...
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Implementation date

20 Mar 2022

Revocation date:

No revocation date

Announced: 09 Mar 2022
Controls on commercial transactions and investment instruments In force
On 9 March 2022, the European Union adopted Council Regulation (EU) 2022/398 forbidding the provision of specialised financial messaging services used to exchange financial data to the following three...
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Implementation date

10 Mar 2022

Revocation date:

No revocation date

Announced: 09 Mar 2022
Controls on commercial transactions and investment instruments In force
On 9 March 2022, the European Union adopted Council Regulation (EU) 2022/398 setting up additional financial restrictions on Belarusian entities in the context of its involvement in the Russian attack...
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Related State Acts

Announced: 03 Jun 2022

EU: Exclusion of the Belarusian Bank for Development and Reconstruction from the SWIFT payment system

Announced: 08 Apr 2022

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

Announced: 08 Apr 2022

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

Clarification: 23 Apr 2026

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

Announced: 16 Mar 2022

Switzerland: Trade restrictions and financial sanctions against Belarus introduced

Clarification: 23 Apr 2026

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

Announced: 15 Mar 2022

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

Announced: 09 Mar 2022

EU: Export ban on certain maritime technologies to Russia

Announced: 02 Mar 2022

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

Announced: 02 Mar 2022

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

Announced: 02 Mar 2022

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

Announced: 28 Feb 2022

EU: Russian carriers banned from EU airspace

Announced: 28 Feb 2022

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

Announced: 28 Feb 2022

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

Announced: 25 Feb 2022

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

Announced: 25 Feb 2022

EU: Prohibition to provide financial services to 76 Russian entities

Announced: 25 Feb 2022

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

Announced: 23 Feb 2022

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

Announced: 23 Feb 2022

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

Announced: 23 Feb 2022

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

Removed: 19 Jan 2026

EU: EUR 3.1 billion support to develop high-performance computing until 2027

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