EU: Eighth package of sanctions against Russia includes new import and export restrictions

Also includes implementation of the G7 oil price cap

Includes new import and export restrictions

The European Commission today announced that the European Council has approved an eighth package of sanctions against Russia for its aggression against Ukraine.

According to today’s EC release, the package contains:

  • Sanctions on additional individuals and entities
  • An extension of restrictions to the oblasts of Kherson and Zaporizhzhia
  • New export restrictions
  • New import restrictions
  • Implementation of the G7 oil price cap
  • Restrictions on state-owned enterprises
  • A new listing criterion to sanction persons who facilitate the infringements of the prohibition against circumvention of sanctions

For more information, contact a professional with KPMG’s Trade & Customs services:

Doug Zuvich
Partner and Global Practice Leader
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com

Irina Vaysfeld
Principal
E: ivaysfeld@kpmg.com

Amie Ahanchian
Principal
E: aahanchian@kpmg.com

Christopher Young
Principal
E: christopheryoung@kpmg.com

Gisele Belotto
Principal
E: gbelotto@kpmg.com

George Zaharatos
Principal
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

Jessica Libby
Principal
E: jlibby@kpmg.com

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