EUROPE: EU adopts fourth package of sanctions against Russia

Friday March 18 2022

On 15 March 2022, the EU decided to impose a fourth package of economic and individual sanctions in response to Russia’s military aggression against Ukraine. The new measures include a prohibition on:

• all transactions with certain state-owned enterprises
• the provision of credit rating services to any Russian person or entity
• new investments in the Russian energy sector

The Council expanded the list of persons connected to Russia’s defence and industrial base, on whom tighter export restrictions were imposed regarding dual-use goods, and goods and technology which might contribute to Russia’s technological enhancement of its defence and security sector. The EU also introduced:

• trade restrictions for iron, steel and luxury goods
• sanctions on an additional 15 individuals and 9 entities

For more information on all the sanctions the EU has adopted against Russia:

Timeline – EU restrictive measures in response to the crisis in Ukraine (background information)

EU response to Russia’s invasion of Ukraine (background information)

Click on the above link for further information.