EU: Fifth package of sanctions against Russia
Restrictive measures against Russia in response to the situation in Ukraine
Restrictive measures against Russia in response to the situation in Ukraine
The European Commission today announced an agreement of the European Council to adopt a fifth package of restrictive measures against Russia in response to the situation in Ukraine.
According to the EC release, the package contains six elements:
- Import ban on all forms of Russian coal
- Financial measures
- Transport measures
- Targeted export bans
- Extending import bans
- Excluding Russia from public contracts and “European money”; legal clarifications and enforcement
Furthermore, an additional 217 individuals and 18 entities have been sanctioned. In total, 1,091 individuals and 80 entities have been sanctioned since 2014.
Read prior reports on EU sanctions:
- TradeNewsFlash (March 15, 2022)
- TradeNewsFlash (March 2, 2022)
For more information, contact a professional with KPMG’s Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal E: jlibby@kpmg.com |
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