Global Trade Alert
Global Trade Alert

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

Announcement

08 Apr 2022

In April 2022, the EU included 18 Russian companies on the frozen fund list. The measure forms part of a new sanctions package against Russia in the context of the attack on Ukraine and recent developments in the city of Bucha.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

08 Apr 2022

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On 8 April 2022, the EU adopted Council Implementing Regulation (EU) 2022/581 adding 18 Russian companies to the list of entities whose funds and economic resources will be frozen within the EU. The n...

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Related State Acts

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: 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

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

13 Apr 2022

Switzerland: Financial sanctions introduced for a further 18 Russian banks and companies

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