28. 2. 2022
Authors: Marek Lošan, Natalija Traurigová
The European Union has adopted measures in the form of sanctions against the Russian Federation in connection with developments in Ukraine since March 2014. In recent days these measures have been hastily supplemented by massive restrictions that are likely to change and evolve.
As of the morning of 28 February 2022, the following measures exist:
SANCTIONS AGAINST INDIVIDUALS:
- travel restrictions
- freezing of funds and economic resources
SANCTIONS IN SPECIFIC ECONOMIC SECTORS:
- restrictions on imports of goods and technology that might contribute to military enhancement
- restrictions on imports of dual-use goods and technology
- restrictions relating to other goods and technology
- requirement to obtain permits for specified activities
- restrictions on trade and investments
- ban on transactions with the Russian Central Bank
- ban on the use of EU airspace
DIPLOMATIC MEASURES:
- bilateral summits cancelled
SANCTIONS TO RESTRICT RELATIONSHIPS WITH THE CRIMEA, SEVASTOPOL, DONETSK AND LUHANSK OBLASTS:
export and import ban on given goods
more restrictions on trade and investments
prohibition on supplying specified services
On 24 February 2022, another sanctions package was agreed and, in addition to the measures already adopted, further measures can be expected to be taken in the following sectors:
- financial sector
- energy and transport sectors
- dual-use goods
- export controls and financing
- visa policy
- more sanctions against Russian individuals
- new criteria for inclusion in the list of sanctioned persons
The situation is changing every day, and besides the measures already taken, other measures have been extensively discussed, in particular:
SWIFT
- Disconnecting the Russian Federation from the SWIFT international interbank system
RUSSIAN MEDIA
- Restrictions on Russian media
Please do not hesitate to contact us if you need assistance or have questions regarding a particular matter.