The European Union has announced a fourth set of sanctions against Russia over its invasion last month of Ukraine. European Commission President Ms Ursula von der Leyen said "We will take a fourth package of measures to further isolate Russia and drain the resources it uses to finance this barbaric war. As a first step, the EU will prohibit imports of iron and steel sector goods.”For Russia, the amendment introduces new restrictions on the export of maritime navigation and radio communication technology, adds Russian Maritime Register of Shipping to the list of state-owned enterprises subject to financing limitations and introduces a prior information sharing provision for exports of maritime safety equipment. In addition, it also extends the exemption relating to the acceptance of deposits exceeding EUR 100.000 in EU banks to Swiss and EEA nationals. Finally, the EU confirmed the common understanding that loans and credit can be provided by any means, including crypto assets, as well as further clarified the notion of transferable securities, so as to clearly include crypto-assets, and thus ensure the proper implementation of the restrictions in place.Furthermore, an additional 160 individuals have been listed in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. The listed individuals include:- 14 oligarchs and prominent businesspeople involved in key economic sectors providing a substantial source of revenue to the Russian Federation - notably in the metallurgical, agriculture, pharmaceutical, telecom and digital industries -, as well as their family members.- 146 members of the Russian Federation Council, who ratified the government decisions of the ‘Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Donetsk People's Republic' and the ‘Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Luhansk People's Republic'.Altogether, EU restrictive measures now apply to a total of 862 individuals and 53 entities.
The European Union has announced a fourth set of sanctions against Russia over its invasion last month of Ukraine. European Commission President Ms Ursula von der Leyen said "We will take a fourth package of measures to further isolate Russia and drain the resources it uses to finance this barbaric war. As a first step, the EU will prohibit imports of iron and steel sector goods.”For Russia, the amendment introduces new restrictions on the export of maritime navigation and radio communication technology, adds Russian Maritime Register of Shipping to the list of state-owned enterprises subject to financing limitations and introduces a prior information sharing provision for exports of maritime safety equipment. In addition, it also extends the exemption relating to the acceptance of deposits exceeding EUR 100.000 in EU banks to Swiss and EEA nationals. Finally, the EU confirmed the common understanding that loans and credit can be provided by any means, including crypto assets, as well as further clarified the notion of transferable securities, so as to clearly include crypto-assets, and thus ensure the proper implementation of the restrictions in place.Furthermore, an additional 160 individuals have been listed in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. The listed individuals include:- 14 oligarchs and prominent businesspeople involved in key economic sectors providing a substantial source of revenue to the Russian Federation - notably in the metallurgical, agriculture, pharmaceutical, telecom and digital industries -, as well as their family members.- 146 members of the Russian Federation Council, who ratified the government decisions of the ‘Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Donetsk People's Republic' and the ‘Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Luhansk People's Republic'.Altogether, EU restrictive measures now apply to a total of 862 individuals and 53 entities.
