• Published on 25 February 2022
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EU restrictive measures in response to the crisis in Ukraine

On 23 February 2022, the Council agreed on sanctions in response to the recognition by Russia of the non-government controlled areas of Donetsk and Luhansk oblasts in Ukraine as independent entities, and the ensuing decision to send Russian troops into these areas.

The agreed package includes:

• sanctions against the 351 members of the Russian parliament who voted in favour of the recognition
• sanctions against 27 individuals and entities over their actions against territorial integrity, sovereignty and independence of Ukraine
• restrictions on economic relations with the non-government controlled areas of Donetsk and Luhansk oblasts
• restrictions Russia's access the EU’s capital and financial markets and services

• EU adopts package of sanctions in response to Russian recognition of the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine and sending of troops into the region (press release, 23 February 2022)
• Timeline - EU restrictive measures in response to the crisis in Ukraine (background information)
• List of persons and entities under EU restrictive measures over the territorial integrity of Ukraine (Official Journal of the EU)

On 24 February, EU leaders met at a special summit convened following Russia's aggression against Ukraine. They agreed on further sanctions against Russia that target:

• the financial sector
• the energy and transport sectors
• dual-use goods
• export control and export financing
• visa policy
• additional sanctions against Russian individuals
• new listing criteria

• Special meeting of the European Council (main results)   Read more. 

Re-disseminated by The Asian Banker