EU adopts 3rd package of sanctions against Russia for its continued illegal war against Ukraine - European Commission
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  • News article
  • 2 March 2022
  • Directorate-General for Financial Stability, Financial Services and Capital Markets Union
  • 1 min read

EU adopts 3rd package of sanctions against Russia for its continued illegal war against Ukraine

The Council adopted the following restrictive measures:

  • Exclude key Russian banks from the SWIFT system, the world's dominant financial messaging system. This measure will stop these banks from conducting their financial transactions worldwide in a fast and efficient manner. This decision was closely coordinated with the EU's international partners, such as the United States and the United Kingdom
     
  • Prohibit investing in projects co-financed by the Russian Direct Investment Fund
     
  • Prohibit the provision of euro-denominated banknotes to Russia
     
  • Prohibit state-owned media Russia Today and Sputnik from broadcasting in the EU
     
  • Restrictions on trade against Belarus and add 22 members of the Belarusian military personnel to the list of sanctioned people and organisations. With these additions, the list comprises a total of 702 individuals and 53 organisations

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The Council adopted the following restrictive measures:

  • A ban on transactions with the Russian Central Bank, aiming at preventing the Russian Central Bank from accessing its large amounts of foreign reserves held in the EU
     
  • A ban on the overflight of EU airspace and on access to EU airports by Russian carriers of all kinds
     
  • Add 26 individuals and 1 organisation to the list of sanctioned people and organisations. With these additions, the list comprises a total of 680 individuals and 53 organisations

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