EU adopts first package of sanctions against Russia for its illegal war against Ukraine - European Commission
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Finance
  • News article
  • 23 February 2022
  • Directorate-General for Financial Stability, Financial Services and Capital Markets Union
  • 1 min read

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

In response to Russia recognising the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine and its decision to send troops into the region, the Council adopted a package of sanctions on 23 February 2022

These sanctions target

  • the ability of the Russian state and government to access the EU’s capital and financial markets and services, to limit the financing of escalatory and aggressive  policies
     
  • economic relations between the two non-government controlled regions and the EU, to ensure that those responsible clearly feel the economic consequences of their illegal and aggressive actions
     
  • individuals and organisations who played a role in undermining or threatening the territorial integrity and independence of Ukraine. With these additions, the list comprises a total of 555 individuals and 52 organisations

For more information