EU 5th Russia sanctions package - Short overview

The EU has published on 8 April 2022 its 5th sanctions package against Russia.

Here are the new sanctions:

Freezing of funds

216 individuals and 18 entities have been added to the list of persons, entities and bodies subject to restrictive measures set out in Annex I to Regulation (EU) No 269/2014.

These are:

  • leading businesspersons involved in economic sectors providing a substantial source of revenue to, and on persons supporting or benefitting from, the Government of the Russian Federation and on natural persons associated with those persons, including family members unduly benefitting from them

  • the Ministers and members of the ‘People’s Council’ of the so-called ‘Donetsk People’s Republic’ and ‘Luhansk People’s Republic’

  • companies supporting, materially or financially, or benefitting from the Government of the Russian Federation and materially or financially supporting actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine

A derogation to the assets freeze has been introduced for diplomatic missions. The condition is that the funds or economic resources concerned are to be paid into or from an account belonging to or held by a diplomatic mission, consular post or international organisation enjoying immunities in accordance with international law, in so far as such payments are intended to be used for official purposes of the diplomatic mission, consular post or international organisation

Legal Source: Council Decision (CFSP) 2022/582 of 8 April 2022. Council Implementing Regulation (EU) 2022/581 of 8 April 2022. Council Regulation (EU) 2022/580 of 8 April 2022.

Trade sanctions

Defence-related products

In Decision , the EU had foreseen an exception to the ban on export of arms and related materiel of all types, including weapons and ammunition, military vehicles and equipment, paramilitary equipment, and spare parts therefor, to Russia.