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ARTICLE · 02 SEPTEMBER 2022

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Ukraine War: Applicable Sanctions At A Glance

The adopted provisions of Regulation (EU) 269/2014 are largely aimed at weakening the Russian and Belarusian financial sectors.

European UnionInternational Law

1. Central sanction measures

Financial sector

The adopted provisions of Regulation (EU) 269/2014 are largely aimed at weakening the Russian and Belarusian financial sectors. To this end, ten Russian and four Belarusian banks - including Russia's largest bank Sberbank – have been excluded from the SWIFT system. In addition, transactions relating to securities and money market instruments with selected banks have been banned. Trading in cryptocurrency has also been restricted.

Selected industrial sectors

Key elements of the EU and US sanctions policy are the import and export restrictions on various goods and technologies, primarily regulated in Regulation (EU) 833/2014. This now affects a large number of industrial sectors.

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