Global Trade Alert
Global Trade Alert

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

Announcement

15 Mar 2022

In March 2022, the European Union adopted a series of trade restrictions and other financial sanctions on Russian companies following the country's continuous attack on Ukraine.

Source

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

4 in force

Implementation date

16 Mar 2022

Revocation date:

No revocation date

Import ban In force

On 15 March 2022, the European Union adopted Council Regulation (EU) 2022/428 imposing an import ban on iron and steel products originating from Russia. The measure follows the ongoing Russian attack ...

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Export ban In force

On 15 March 2022, the European Union adopted Council Regulation (EU) 2022/428 imposing an export ban on equipment for the energy industry and on luxury goods to Russia. The measure follows the ongoing...

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Controls on commercial transactions and investment instruments In force

On 15 March 2022, the European Union adopted Council Regulation (EU) 2022/428 prohibiting any transactions with the following state-owned Russian companies: 1. OPK Oboronprom; 2. United Aircraft Corpo...

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Controls on credit operations In force

On 15 March 2022, the European Union adopted Council Regulation (EU) 2022/428 prohibiting any transactions with the provision of new loans, credit, capital injection, or other financing services to 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

13 Jul 2021

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

02 Mar 2022

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

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

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

11 Mar 2022

EU: Revocation of Most-Favoured-Nation status for Russia following their attack on Ukraine

15 Mar 2022

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

25 Mar 2022

Switzerland: Introduction of trade restrictions and financial sanctions towards Russia

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

26 Apr 2022

Poland: Introduction of sanctions against companies connected with the Russian government

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