EU adopts 2nd package of sanctions against Russia for its illegal war against Ukraine

Following up on the conclusions of the European Council on 24 February 2022, the Council adopted on 25 February the following package of individual and economic measures

• Financial sector sanctions that will cut Russia's access to the most important capital markets, targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defence
   
• Energy sector sanctions that will prohibit the sale, supply, transfer or export to Russia of specific goods and technologies in oil refining, and will introduce restrictions on the provision of related services
   
• Transport sector sanctions that will ban the sale of all aircraft, spare parts and equipment to Russian airlines. This will degrade the key sector of Russia's economy and the country's connectivity
   
• Technology sector sanctions imposing further restrictions on exports of dual-use goods and technology, as well as restrictions on exports of certain goods and technology which might contribute to Russia’s technological enhancement of its defence and security sector
   
• Visa policy sanctions that mean diplomats and related groups, and business people will no longer have privileged access to the EU. With these additions, the list of sanctioned persons and organisations comprises a total of 654 individuals and 52 organisations

Related documents

• Council press release of 25 February 2022
• Sanctions adopted on 25 February 2022 published in the Official Journal