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ARTICLE · 04 JANUARY 2024

New EU & UK Sanctions

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On 19 December 2023, the Council of the European Union (EU) together with the Commission published its 12th round of sanctions.

GlobalInternational Law
Jasper Helder
Jasper Helder
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Chiara Klaui
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Imogen Brooks
Stefan Tsakanakis
Stefan Tsakanakis
Charlotte Ezaz
Charlotte Ezaz
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Oliver Haynes
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Alasdair Kan
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EU's 12th Sanctions Package

On 19 December 2023, the Council of the European Union (EU) together with the Commission published its 12th round of sanctions.

Key Takeaways

  • A total of 140 new designations (56 individuals and 87 entities).
  • Stricter obligations in respect of the re-export of critical and sensitive goods to Russia.
  • Enhanced reporting requirements under the G7+ oil price cap.
  • Stronger anti-circumvention measures that seek to enhance transparency and information sharing.
  • Several products are now the subject of import and export controls (including new trade restrictions in respect of diamonds and diamond-jewellery).
  • Exemptions relating to personal items, such as personal hygiene, cars, as well as providing extended wind-down periods for the import of specific steel products.

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