The Council of the European Union adopted the following additional measures
- Gold import ban: The import of all gold originating from Russia and exported from Russia into the EU or to any non-EU country is prohibited. An exemption applies for gold jewellery of travellers for their personal use
- Reporting requirements strengthened: Sanctioned people are obliged to declare their assets, in order to facilitate the freezing of their assets in the EU
- Targeted export bans: Export controls on dual use and advanced technology is reinforced by extending the list of items that could contribute to Russia’s military and technological improvements or the development of the country's militaryu and security sector
- Port access ban: Russian flagged vessels are banned from accessing locks to prevent the circumvention of sanctions
- Financial sanctions: The ban on accepting deposits is extended to deposits from legal persons, organisations or bodies established in non-EU countries and majority-owned by Russian nationals or natural persons residing in Russia. Additionally, the acceptance of deposits for non-prohibited cross-border trade will be subject to a prior authorisation by national competent authorities
- Food and energy security: Transactions for agricultural products and the transport of oil to non-EU countries with certain state-owned organisations are exempted
- Medical and pharmaceutical exemptions: Exemptions are added for certain export prohibitions for medical and pharmaceutical purposes
- Clarifications: introduction of a number of clarifications to existing measures, for instance in the field of public procurement, aviation and justice
- Assets freezes: Adding of a further 54 individuals and 10 organisations on the list
For more information
Details
- Publication date
- 21 July 2022
- Author
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union