Global Trade Alert
Global Trade Alert

EU: 14th sanctions package against Russia includes extended import and export bans and establishes vessel-specific sanctions

Announcement

24 Jun 2024

In June 2024, the EU adopted additional sanctions in the context of the Russian invasion of Ukraine. The package includes extended export and import bans, financial and sectoral sanctions.

 

Source

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Number of interventions

11

10 certainly harmful

1 likely harmful

0 liberalising

List of interventions

10 in force

Implementation date

25 Jun 2024

Revocation date:

No revocation date

FDI: Entry and ownership rule In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 prohibiting undertakings owned for at least 25% by Russian natural or legal persons to "be admitted to become a road trans...

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FDI: Treatment and operations, nes In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 prohibiting undertakings owned for at least 25% by Russian natural or legal persons to "transport goods by road within the...

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Instrument unclear In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 prohibiting undertakings from "reloading services in the territory of the Union for the purposes of transshipment operatio...

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Export ban In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 extending the list of products subject to an export ban to Russia. The measure forms part of the new round of sanctions fo...

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Import ban In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 extending the list of products subject to an import ban if they are imported or originated in Russia. The measure forms pa...

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Controls on commercial transactions and investment instruments In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 forbidding organisations to "directly connect to the System for Transfer of Financial Messages (SPFS) of the Central Bank ...

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Intellectual property protection In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 forbidding intellectual property offices in the EU from accepting applications filed by Russians, people living in Russia ...

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Foreign customer limit In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 forbidding port access and the provision of several services to 27 vessels that "contribute to Russia’s warfare against Uk...

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Export ban In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 prohibiting the export of Ukrainian cultural property goods if there "are reasonable grounds to suspect that the goods hav...

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Import ban In force

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 prohibiting the import of Ukrainian cultural property goods if there "are reasonable grounds to suspect that the goods hav...

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Implementation date

No implementation date

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments

On 24 June 2024, the European Union adopted Council Regulation (EU) 2024/1745 setting the framework that forbids EU operators to engage in any transaction with certain entities related to Russia. The ...

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