These measures are smart and targeted, hitting Russia where it hurts (with maximum impact on the Russian political elite) and are well coordinated with our allies.

The sanctions are listed below.

Individual listings of people and entities

Prohibition to provide funds or economic resources:

People and entities sanctions

People

  • Travel ban
  • Asset freeze
  • Prohibition to provide funds

Entities

  • Asset freeze
  • Prohibition to provide funds

 

FACT

Among those sanctioned are top political representatives, oligarchs, military personnel and propagandists.

 

Restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine now apply to:

  • 1,212individuals
  • 108entities
list sanctions
  • Expanding the listing criteria enables us to easily target the entire Russian government and their family members, oligarchs, business people, propagandists and disinformation actors, and those active in leading sectors of the Russian economy, supporting the military aggression.
  • Strengthening reporting, requiring that listed persons actively disclose all their assets within the EU. This helps ensure that assets are traced and frozen much more effectively.

Financial and business service measures

We are cutting Russia’s access to capital markets of the EU, increasing borrowing costs for the sanctioned entities and gradually eroding Russia’s industrial base by:

  • prohibiting any form of lending to and buying of securities issued by certain Russian banks and government (including the Central Bank)
  • imposing assets freezes and financing bans on a number of Russian banks
  • a full prohibition of any transactions with certain Russian State-owned enterprises across different sectors - the Kremlin’s military-industrial complex
  • clarifying that crypto assets fall under the scope of “transferable securities”
  • extending to all official EU currencies the prohibition on the export of banknotes and on the sale of transferrable securities
  • a ban on the rating of Russia and Russian companies by EU credit rating agencies and the provision of rating services to Russian clients
  • a prohibition on providing high-value crypto asset services to Russia
  • a prohibition on providing advice on trusts to wealthy Russians, making it more difficult for them to store their wealth in the EU
  • a prohibition of certain business-relevant services - directly or indirectly – such as accounting, auditing, statutory audit, bookkeeping and tax consulting services, business and management consulting, and public relations services to the Russian government, as well as to legal persons, entities or bodies established in Russia
  • targeting the Russian elite by banning their big deposits in EU banks

We are also blocking Russia’s EU-held foreign exchange reserves by:

This measure stops these banks from conducting their financial transactions worldwide in a fast and efficient manner.

Loan sanctions

FACT

70% of the Russian banking system (in assets), government and key state-owned companies, is no longer able to refinance in EU capital markets.

Energy sector

Energy sanctions

Banning exports of specific refining technologies, adding to the existing oil equipment ban from 2014, makes it harder and more costly for Russia to upgrade its oil refineries.

 

An import ban on all forms of Russian coal.

 

A far-reaching ban on new investment across the Russian energy sector, with limited exceptions for civil nuclear energy and the transport of certain energy products back to the EU.

A complete import ban on all Russian seaborne crude oil and petroleum products. The ban is subject to certain transition periods to allow the sector and global markets to adapt, and a temporary exemption for pipeline crude oil to ensure the phase out. This allows the EU and its partners to secure alternative supplies and minimises the impact on global oil prices.

After a wind down period of 6 months, EU operators will be prohibited from insuring and financing the transport, in particular through maritime routes, of oil to third countries.

FACT

This covers 90% of our current oil imports from Russia.

Transport sector

  • Ban on exports, sales, supply or transfer of all aircraft, aircraft parts and equipment to Russia.
  • Ban on the provision of all related repair, maintenance or financial services.
  • Closure of EU airspace to all Russian-owned, registered or controlled aircraft, including private jets of oligarchs.
  • Restrictions on the export of maritime navigation goods and radio communication technology.
  • A full ban of Russian and Belorussian freight road operations working in the EU (certain exceptions will cover essentials, such as agriculture and food products, humanitarian aid as well as energy).
  • An entry ban on Russian-flagged vessels to EU ports (exceptions apply for medical, food, energy and humanitarian purposes).
Transport sanctions

FACT

Three quarters of Russia’s current commercial air fleet were built in the EU, the US and Canada. This means that Russia will not be able to maintain its fleet to international standards.

Dual-use goods and advanced technology items

Sharpening and extending export controls on dual-use goods to target sensitive sectors in Russia’s military industrial complex, and limiting Russia’s access to crucial advanced technology, such as:

  • drones and software for drones
  • software for encryption devices
  • semiconductors and advanced electronics
  • chemicals that could be used for chemical weapons
  • law enforcement items
  • special materials and industrial machinery

Extending the list of sanctioned persons and entities to include more oligarchs and business elites linked to the Kremlin, as well as companies active in military and defence areas, which are logistically and materially supporting the invasion

  • FACT technology sanctions The sanctions hit Russia’s access to important technologies beyond dual-use goods and technologies and downgrade over time their technological capabilities
  • Financial sanctions The sanctions stop public financing or financial assistance for trade with or investment support in Russia, including national export support

Trade restrictive measures: export and import bans

The EU, in collaboration with the G7 countries and other like-minded partners, has stopped treating Russia as a Most-Favoured-Nation within the WTO framework as of 15 March. This deprives Russia of key trade advantages as a WTO member.

The EU has decided to act not through an increase on import tariffs, but through a set of sanctions that comprise bans on the imports or exports of goods, notably:

  • an EU import ban on those steel products currently under EU safeguard measures. Increased import quotas will be distributed to other third countries to compensate
  • an EU export ban on luxury goods to directly hit Russian elites
  • additional import bans, including cements, rubber products, wood, spirits, liquor, high-end seafood
  • further targeted export bans – worth €10 billion – in areas in which Russian is vulnerable due to its high dependency on EU supplies. This includes, for example, quantum computing, advanced semiconductors, sensitive machinery, transportation and chemicals. It also included specialist catalysts for use in the refinery industry. This will contribute to degrade Russia’s technological base and industrial capacity
  • adding jet fuel and fuel additives, which may be used by the Russian army, to the existing export ban
  • prohibition to purchase, import, or transfer, directly or indirectly, gold, if it originates in Russia

FACT

  • The export ban on EU luxury goods is depriving Russian elites from goods like cars, watches, and jewellery. The import ban covers Russian emblematic products like vodka and caviar.
  • The import ban on Russian coal affects one fourth of all Russian global coal exports, amounting to €8 billion loss of revenue per year for Russia.
  • On the export side, the total value of all sanctions introduced so far is €24.8 billion. This represents 28% of the EU’s export before the invasion.
  • 51% of pre-war imports are covered by measures, representing €82.9 billion.
  • None of the measures the EU adopted target in any way the trade in agricultural and food products, including wheat and fertilisers, between third countries and Russia.

Excluding Russia from public contracts and European money

  • Full prohibition on the participation of Russian nationals and entities in procurement contracts in the EU.
  • Restrictions on financial and non-financial support to Russian publicly owned or controlled entities under EU, Euratom and Member States programmes. No new contracts or agreements with Russian public bodies or related entities will be concluded.

FACT

The Commission is terminating the participation of Russian public bodies or related entities in all ongoing grant agreements, and suspend all related payments, under Horizon 2020, Euratom, and Erasmus+. 

 

For Horizon Europe (except European Research Council and European Innovation Council), all legal entities (public and private) established in Russia, Belarus or in non-government controlled territories of Ukraine are not eligible to participate.

Visa measures

Suspension of visa-free travel for diplomats and visa facilitation for service passport holders and business people.

Visa sanctions

FACT

  • Russian holders of diplomatic passports no longer enjoy visa-free travel to the EU.
  • Russian government officials and business people no longer enjoy facilitations such as a lower visa fee when applying for a visa.

This does not affect Russian citizens generally, who will continue to have the same benefits under the Visa Facilitation Agreement as they do currently.

Sanctioning disinformation actors

The state-owned and pro-Kremlin disinformation outlets are essential and instrumental in supporting Russia’s aggression against Ukraine. They constitute a significant and direct threat to the EU’s public order and security. This is why the EU has decided to sanction the Kremlin’s disinformation and information manipulation assets.

Media sanctions

Suspension of transmission and distribution of Russia Today, Sputnik, Rossiya RTR/RTR Planeta, Rossiya 24/Russia 24, and TV Centre International in or directed at the EU – such as via cable, satellite, IPTV, platforms, websites and apps. All relevant licences, authorisations and distribution arrangements are suspended. The advertising of products or services on sanctioned outlets has also been prohibited.

EUvsDisinfo: Disinformation targeting Ukraine

These measures come on top of the sanctions agreed on 23 February in relation to Donetsk and Luhansk, in particular:

  • an import ban on goods from these areas
  • restrictions on trade and investments related to certain economic sectors
  • a prohibition to supply tourism services
  • an export ban for certain goods and technologies

Belarus

A package of sanctions against Belarus hitting their most important sectors and individuals supporting the Russian war effort.

Sanctions to close existing loopholes and impose further import and export restrictions on key economic sectors:

  • Terminating the exemption for contracts concluded prior to the adoption of existing sanctions.
  • Adding new import prohibitions on potash, wood, cement, iron and steel, and rubber products and export prohibitions on certain types of machinery, dual-use goods and technology, as well as other advanced goods and technology which might contribute to Belarus’ military, technological, defence and security development.
  • targeted restrictive measures on high ranking members of Belarusian military personnel.
  • SWIFT prohibitions similar to those for Russia, and further expanding the existing financial restrictions, in line with the measures already in place regarding Russia sanctions.

WTO accession process

In light of Belarus’ material support to the Russian invasion, its accession process is suspended and the EU will not participate in any accession-related work. This was confirmed in a joint statement with other like-minded WTO members on 22 March. 

export icon belarus

FACT

The sanctions will significantly reinforce the current sectoral measures, targeting 5 of the top 10 export sectors of the Belarusian economy and the most important EU exports to Belarus. The measures will now cover almost 70% of all Belarusian exports to the EU.

”Freeze and Seize” Task Force

The Commission has set up a “Freeze and Seize Task Force” to explore the links between assets belonging to persons listed under EU sanctions and criminal activities. While investigations and prosecutions are the responsibility of Member States, the aim of the Task Force is to strengthen coordination that is needed at operational level to ensure the effective enforcement of EU sanctions across all Member States.

The Task Force is composed of the representatives of the Commission, contact points from each Member State, Eurojust and Europol. It will coordinate its work with the “Russian Elites, Proxies, and Oligarchs (REPO) Task Force” set up between the G7 countries, Australia and the European Union. It will meet weekly and will remain operational for the time necessary.

Asset recovery and confiscation

To contribute to the implementation of EU restrictive measures, the Commission has proposed to add the violation of EU restrictive measures to the list of EU crimes, and to reinforce rules on asset recovery and confiscation. While the Russian aggression on Ukraine is ongoing, it is paramount that EU restrictive measures are fully implemented and the violation of those measures must not be allowed to pay off. These proposals aim to ensure that the assets of individuals and entities that violate the restrictive measures can be effectively confiscated in the future.