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ARTICLE · 11 APRIL 2022

EU Publishes Fifth Round Of Sanctions On Russia

Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
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Today, the European Union published its fifth major round of sanctions on Russia and Belarus.

GlobalInternational Law
Julia Kuelzow
Julia Kuelzow
Greg Rohling
Greg Rohling

Today, the European Union published its fifth major round of sanctions on Russia and Belarus. The sanctions package includes a full transaction ban on four major Russian banks, port and transportation sanctions, import bans on coal, wood, cement, seafood, and liquor, an export ban on jet fuel and certain sensitive goods, additional asset freezes, and measures intended to close loopholes in existing sanctions.

The new Russia measures can be found here, and the Belarus measures are available here.

Bank Sanctions

The EU expanded existing banking sanctions by imposing asset freeze on VTB Bank, Sovcombank, Novikombank, and Otkritie FC Bank. These banks were previously cut off from the SWIFT network and were listed as Specially Designated Nationals by the United States.

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