Global Trade Alert
Global Trade Alert

EU: New sanctions package targetting Russia includes export ban on additional dual-use products and import bans on additional petroleum products, asphalt and synthetic rubber

Announcement

25 Feb 2023

In February 2023, the EU adopted additional sanctions against Russia in the context of its invasion of Ukraine. The package includes extended import and export bans, the suspending of additional broadcasting licenses, and new entities added to the frozen fund list, among others (see related state act).

Source

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Number of interventions

7

7 certainly harmful

0 likely harmful

0 liberalising

List of interventions

6 in force

Implementation date

01 Jul 2024

Revocation date:

No revocation date

Import ban In force

On 25 February 2023, the EU adopted Council Regulation (EU) 2023/427 establishing an import ban for carbon and synthetic rubber classified under CN codes 2803 and 4002 originating from Russia. The reg...

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Implementation date

26 Feb 2023

Revocation date:

No revocation date

Export ban In force

On 25 February 2023, the EU adopted Council Regulation (EU) 2023/427 establishing new export bans on additional products if they are destined for Russia and the provision of gas storage services. The ...

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Import ban In force

On 25 February 2023, the EU adopted Council Regulation (EU) 2023/427 establishing an import ban for additional petroleum and asphalt products originating from Russia. The regulation is issued in the c...

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Import quota

On 25 February 2023, the EU adopted Council Regulation (EU) 2023/427 establishing a temporary import quota for carbon and synthetic rubber classified under CN codes 2803 and 4002 originating from Russ...

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FDI: Treatment and operations, nes In force

On 25 February 2023, the EU adopted Council Regulation (EU) 2023/427 suspending the broadcasting activities of the following 2 Russian state-owned media outlets: RT Arabic and Sputnik Arabic. The regu...

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Import ban In force

On 25 February 2023, the EU adopted Council Regulation (EU) 2023/427 suspending the broadcasting activities of the following 2 Russian state-owned media outlets: RT Arabic and Sputnik Arabic. The regu...

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Export ban In force

On 25 February 2023, the EU adopted Council Regulation (EU) 2023/427 adding 96 Russian and Iranian entities* to the list of entities to which EU operators are prohibited to export dual-use technologie...

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