EU restrictive measures

Since March 2014, the EU has progressively imposed restrictive measures targeting Russia.

During the years, the EU has imposed different types of restrictive measures:

  • diplomatic measures
  • individual restrictive measures (asset freezes and travel restrictions)
  • restrictions on economic relations with Crimea and Sevastopol, and with the non-government controlled areas of Donetsk and Luhansk
  • economic sanctions
  • restrictions on media
  • restrictions on economic cooperation.

See more information at the European Council's information page for EU's restrictive measures in response to the crisis in Ukraine.

See also news highlights at the European Union Newsroom

08 May 2022: UK introduces a new round of sanctions on £1.7 billion of goods .

 

On 08 May, the UK announced a new package of sanctions on Russia and Belarus targeting £1.7 billion worth of trade. The package includes

  • import tariffs on products worth £1.4 billion, including platinum and palladium,
  • export bans worth more than £250 million target Russia’s manufacturing and heavy machinery sectors.

It will bring the total value of products subjected to full or partial import and export sanctions to more than £4 billion.

This is the third wave of trade sanctions announced by the UK government and, excluding gold and energy, will bring the proportion of goods imports from Russia hit by restrictions to more than 96 percent, with more than 60 percent of goods exports to Russia under whole or partial restrictions.

Read full press release

 

 

 

 

06 April 2022: UK with new sanctions - asset freez, investment ban, ban on import of iron and steel and ban on import of coal and oil by the end of 2022.

Key sanctions announced on 6 April include:

  • asset freezes against Sberbank and Credit Bank of Moscow. Sberbank is Russia’s largest bank and this freeze is being taken in co-ordination with the US.
  • a ban on all new investment to Russia. In 2020 UK investment in Russia was worth over £11 billion.
  • a ban on all imports of Russian coal and oil by end of 2022. From next week, the export of key oil refining equipment and catalysts will also be banned.
  • a ban on imports of iron and steel products.
  • individual sanctions against eight oligarchs.

Full press release

Financial Sanctions Notice 06 April 2022

 

 

 

31 March 2022. UK announces new sanctions targeting mainly Russian state media.

12 individuals and 2 entities are added to the UK’s sanctions list.

This includes Sergey Brilev, famous TV anchor on Russian state-owned media Rossiya and Mikhail Mizintsev, the Chief of the Russian National Defence Command and Control Centre.

Also, the Kremlin funded TV-Novosti who own RT, formerly Russia Today, and Rossiya Segodnya who control news agency Sputnik are added to the sanctions list.

Read the full press release

Financial Sanctions Notice of 31 March 2022

Consolidated list of Russian targets for financial sanctions from the UK now includes 989 individuals and 100 entities.

 

24 March 2022. UK announces 65 new sanctions targeting mainly Russia and Belarus.

The UK Foreign Secretary announces 65 new sanctions targeting Russia and Belarus.

According to the press release, new sanctions target strategic industries, banks and business elites.

 

33 individuals and 26 entities are added to the consolidated list for asset freeze and travel ban.

New entries include Alfa-bank, Alrosa, Gazprombank, Russian Railways, Sovcomflot, Rushydro and others.

Financial Sanctions Notice of 24 March 2022

Consolidated list of Russia related targets for financial sanctions from the UK now includes 978 individuals and 98 entities.

Today’s sanctions will bring the total global asset value of the banks the UK has sanctioned since the invasion to £500bn and the net worth of sanctioned individuals in excess of £150bn.

 

17 March 2022. The UK government held a webinar briefing on UK sanctions relating to Russia.

A recording of this webinar is available for a short time.

15 March 2022. The UK Government announces a ban on exports to Russia of high-end luxury goods, while also hitting hundreds of key products with new import tariffs.

According to the announcement, the UK government has decided:

  • to deny Russia and Belarus access to Most Favoured Nation tariff for hundreds of their exports, depriving both nations key benefits of WTO membership
  • to publish an initial list of goods worth £900 million which will now face additional 35 percent import tariff, on top of current tariffs.
    The products that have been selected: Iron, steel, fertilisers, wood, tyres, railway containers, cement, copper, aluminium, silver, lead, iron ore, residue/food waste products, beverages, spirits and vinegar (this includes vodka), glass and glassware, cereals, oil seeds, paper and paperboard, machinery, works of art, antiques, fur skins and artificial fur, ships and white fish.
    These tariff increases will be legislated and operationalised in the UK’s customs systems next week
  • to ban exports of luxury goods to Russia alongside G7 allies. Further details on the export ban will follow in due course, previous export bans have included items such as high-end fashion, works of art and luxury vehicles.

Read the full press release

UK adds 345 individuals and 5 entities to sanctions list

Financial Sanctions Notice of 15 March 2022

Consolidated list of Russian targets for financial sanctions from the UK now includes 935 individuals and 70 entities.

UK cuts off export finance support to Russia and Belarus

The UK government has announced it will no longer issue any new guarantees, loans and insurance for exports to Russia and Belarus.

Read the full press release

 

 

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