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ARTICLE · 01 MARCH 2022

EU Sanctions Relating To Ukraine

Dillon Eustace
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All EU Member States must comply with EU Council Regulations relating to sanctions as soon as they are adopted. The new EU sanctions package was adopted on 24 February 2022.

GlobalInternational Law
Keith Waine
Keith Waine
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On 23 February 2022, the European Council agreed a new package of restrictive measures (a.k.a. sanctions) in response to the Russian Federation's recognition of the independence of Donetsk and Luhansk in Ukraine, and its decision to send Russian troops into those areas.

All EU Member States must comply with EU Council Regulations relating to sanctions as soon as they are adopted. The new EU sanctions package was adopted on 24 February 2022.

The latest measures include: (1) restrictions on individuals and entities associated with the situation in Ukraine; (2) restrictions on trade between the affected regions and the EU; and (3) restrictions on Russian state entities, including its Central Bank, from accessing EU capital markets. The EU has reiterated its unwavering position supporting Ukraine's independence, sovereignty and territorial integrity and has said that it will impose further wide-ranging sanctions if required.

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