Russia - Extension of Ukraine-related sanctions
On 9 March 2022, the European Union has extended its sanctions regime to include the following restrictive measures:
1) Additions to the list of persons and entities supporting and benefitting from the Government of the Russian Federation, persons and entities providing a substantial source of revenue to the Government of the Russian Federation, and natural or legal persons associated with listed persons or entities.
The EU has added the following to the list of people and entities whose funds and economic resources are frozen.
146 members of the Russian Federation Council who ratified the government decisions of the ‘Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Donetsk People’s Republic and between the Russian Federation and the Luhansk People’s Republic’;
4 persons supporting and benefitting from the Government of the Russian Federation or providing a substantial source of revenue to it, or associated with listed persons or entities
Legal Source: Decision 2022/397 of 9 March 2022, Regulation 2022/396 of 9 March 2022
For an updated view on the applicable sanctions and the list of sanctioned persons and entities:
2) Prohibition of export of maritime navigation goods and technology to Russia
The maritime navigation goods concerned are equipment contained in chapter 4 (navigation equipment) and chapter 5 (radio-communication equipment) of the applicable Commission Implementing Regulation on design, construction and performance requirements and testing standards for marine equipment adopted in accordance with Article 35(2) of Directive 2014/90/EU of the European Parliament and of the Council of 23 July 2014 on marine equipment.
Legal Source: Decision 2022/395 of 9 March 2022, Regulation 2022/394 of 9 March 2022
For an updated view on the applicable sanctions :
3) Extension to nationals of the member countries of the European Economic Area and to nationals of Switzerland the exemption related to deposits.
It is prohibited to accept any deposits from Russian nationals or natural persons residing in Russia, or legal persons, entities or bodies established in Russia, if the total value of deposits of the natural or legal person, entity or body per credit institution exceeds 100 000 EUR. This shall not apply to nationals of a Member State, of a country member of the European Economic Area or of Switzerland, or to natural persons having a temporary or permanent residence permit in a Member State, in a country member of the European Economic Area or in Switzerland.
Legal Source: Decision 2022/397 of 9 March 2022, Regulation 2022/396 of 9 March 2022
For an updated view on the applicable sanctions :