EU adopts 14th package of sanctions against Russia for its continued illegal war against Ukraine, strengthening enforcement and anti-circumvention measures

Prohibition on providing goods, technology or services to LNG projects under construction in Russia
Prohibition on the transshipment of Russian LNG through EU ports
Prohibition on the import of Russian LNG into specific terminals which are not connected to the EU gas pipeline network
Listings of vessels supporting the Russian warfare

Best efforts obligation concerning foreign subsidiaries: EU companies will have to undertake their best efforts to ensure that their subsidiaries in third countries do not take part in any activities undermining EU sanctions
“No Russia” clause for Intellectual Property Rights (IPR) transfers, to ensure that industrial know-how transferred outside the Union is not used to manufacture Common High Priority (CHP) goods intended for Russia
Due diligence requirements for CHP goods

A total of 116 additional listings of 69 individuals and 47 entities subject to asset freezes, and – in the case of individuals – also to travel bans. Listings touch upon various sectors of the Russian state, including military companies, companies active in space engineering, in the chemical sector or in the explosives sector and leading Russian energy companies. The listings include actors involved in disinformation/propaganda activities, in support of Russia’s war of aggression against Ukraine

Prohibition for EU banks outside Russia to connect and carry out transactions using the Financial Messaging System of the Central Bank of Russia (SPFS)
Prohibition on transactions with third-country banks using SPFS to increase Russia’s financial resilience and to support the circumvention of our sanctions
Prohibition on transactions with banks and crypto assets providers, in Russia and third countries, that facilitatetransactions supporting Russia’s defence-industrial base

Extension of the export restrictions on dual use/advanced technology items (e.g., “quadbikes”, microwave and aerial amplifiers and digital flight data recorders)
Reinforcement of the current export bans on industrial goods focusing on four sectors which are key to Russia’s war economy: chemicals, plastics, vehicles parts and machinery, worth EUR 5 billion of annual exports prior to the invasion (2021)

Import ban on helium
Finetuning of the import ban on Russian diamonds
Addition of 61 Russian and third-country entities to the list of entities associated to Russia's military-industrial complex (including 33 entities registered in third countries: 19 in China/Hong Kong, 9 in Türkiye, 2 in Kyrgyzstan, 1 in India, 1 in Kazakhstan, 1 in UAE)
Extension of the Common High Priority (CHP) list

Aviation:prohibition on non-scheduled flights if a Russian person decides the origin or destination (regardless of ownership and control over the aircraft); introduction of uniform obligation to provide information about non-scheduled flights upon request of national authorities regarding aircraft ownership, passengers etc., also to avoid circumvention of the flight ban
Road:tightening the existing prohibition to transport goods by road in the EU
Maritime: prohibition on port access and services for listed vessels. In the 14^th package, 27 vessels are placed on this list, for their contribution to the Russian warfare in various sectors such as the transport of military equipment for Russia and the transport of stolen Ukrainian grain, participation in the dark fleet transporting Russian oil while conducting deceptive shipping practices, and support in the development of Russia’s energy sector, for instance through the transport of LNG infrastructure components or LNG transshipments

Legal basis for compensation claims in Member States courts: creation of a legal basis for EU operators to claim compensation in the EU for damages caused by Russian companies linked to sanctions implementation and expropriation
Transaction ban to protect arbitration

Prohibition on the acceptance, by EU and Member States’ intellectual property offices and authorities, of applications for registration of, among others, new trademarks and patents requested by Russian persons and persons resident in Russia

Prohibition on accepting financing from the Russian state and its proxies by political parties, NGOs and media service providers in the EU

Prohibition on EU and Member States funding to all Russian entities – and not only state-owned ones as was previously the case. This would align with already existing restrictions on public procurement
Import ban on stolen Ukrainian cultural items: for cultural heritage products stolen from Ukraine

Details

Publication date: 24 June 2024
Author: Directorate-General for Financial Stability, Financial Services and Capital Markets Union