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

Implementation date

25 Jun 2024

Revocation date:

No revocation date

Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Announced: 24 Jun 2024
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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Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 24 Jun 2024
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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