Since 2014, European Union has progressively imposed sanctions
against Russia in response to deliberate destabilization of
Ukraine. After February 2022, EU massively expanded the sanctions,
which consists of a wide range of financial, economic and trade
measures.
The below represent an effort to provide a brief overview of key
sanctions which are currently active:
Economic Sanctions:
- Restrictions on transactions with major banks and companies in
several economic sectors in Russia as well as with transactions
with Russian Central Bank (RCB).
- Banning of Russian Nationals entities and bodies in EU public
procurement contracts.
- Exclusion from SWIFT system Russian Banks.
- Prohibition to provide credit ratings.
