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

Sign in to access

Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Mar 2022

Revocation date:

No revocation date

Announced: 15 Mar 2022
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...
Sign in to see more
Announced: 15 Mar 2022
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...
Sign in to see more
Clarification: 23 Apr 2026
Export ban In force

Recent update from 23 Apr 2026:

On 23 April 2026, the European Union published Council Regulation (EU) 2026/506, removing several products from the list of products subject to an export ban to Russia, including six-digit CN code ...

Sign in to see more
Announced: 15 Mar 2022
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 ...
Sign in to see more

Related State Acts

Announced: 26 Apr 2022

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

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: 25 Mar 2022

Switzerland: Introduction of trade restrictions and financial sanctions towards Russia

Announced: 15 Mar 2022

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

Announced: 11 Mar 2022

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

Announced: 09 Mar 2022

EU: Export ban on certain maritime technologies to Russia

Announced: 09 Mar 2022

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

Announced: 02 Mar 2022

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

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

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

Removed: 19 Jan 2026

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

Threads

See all

Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

70619

interventions

194

jurisdictions

Harmful Trade Policy Interventions: Iron & Steel

This Thread tracks harmful trade policy interventions affecting iron and steel products since 2009. It covers all types of interventions monitored by Global Trade Alert that affect at least one HS code linked to iron and steel, including fabricated metal products.

Published: 09 Jan 2025

5925

interventions

126

jurisdictions

Economic Sanctions Related to the Russian Invasion of Ukraine

This Thread outlines restrictions on trade, financial transactions, and economic activities imposed on commercial entities by any jurisdiction, provided these measures are directly related to the Russian invasion of Ukraine. Additionally, the Thread includes sanctions against non-Russian commercial entities from other jurisdictions if these measures were adopted on the grounds of their involvem...

Published: 09 Jan 2025

1455

interventions

41

jurisdictions

G7: Harmful Trade Policy Interventions

This Thread tracks harmful trade policy interventions introduced by G7 members since 2009. It covers all types of interventions monitored by Global Trade Alert.

Published: 13 Jan 2025

25513

interventions

38

jurisdictions

G20: Harmful Trade Policy Interventions

This Thread tracks harmful trade policy interventions introduced by G20 members since 2009. It covers all types of interventions monitored by Global Trade Alert.

Published: 15 Jan 2025

53951

interventions

121

jurisdictions

Harmful Trade Policy Interventions: Medical Goods

This Thread tracks harmful trade policy interventions affecting HS codes for medical consumables, equipment, medicines, vaccines, as well as chemicals used in pharmaceutical production. It covers all types of interventions monitored by Global Trade Alert since 2009. To identify relevant policy actions, the Global Trade Alert team focused on the identification of relevant HS codes following the pr...

Published: 09 Jan 2025

7346

interventions

152

jurisdictions

Export Restrictions: Medical Goods

This Thread tracks export restrictions affecting HS codes for medical consumables, equipment, medicines, vaccines, as well as chemicals used in pharmaceutical production. It covers policy actions monitored by Global Trade Alert since 2009. To identify relevant policy actions, the Global Trade Alert team focused on the identification of relevant intervention types and HS codes. For intervention ty...

Published: 09 Jan 2025

657

interventions

98

jurisdictions

Import and Export Restrictions: Critical Minerals

This Thread tracks global import and export restrictions affecting critical minerals. It covers policy interventions affecting these measures since 2009. Relevant interventions are identified based on intervention type and specific HS codes. Note that the GTA focuses on a compilation list of all the critical minerals mentioned in different national lists to identify relevant HS codes.

Published: 31 Jan 2025

1442

interventions

124

jurisdictions