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EU general
Financial restrictions
Joint venture ban
Russia
Energy - Energy sector
Prohibited to create any new joint venture with any legal person, entity or body incorporated or constituted under the law of Russia or any other third country and operating in the energy sector in Russia. Link to the original

The competent national authorities may authorize activities if it is necessary for ensuring critical energy supply within the EU, as well as transport of fossil fuels from or through Russia into the EU, or it exclusively concerns an entity operating in the energy sector in Russia owned by an entity which is incorporated or constituted under the law of a Member State,

15.03.2022
Completion date: 31.01.2023
16.03.2022
EU general
Trade restrictions
Export ban
Russia
Energy - Oil
Prohibited the sale, supply, transfer or export, directly or indirectly, of equipment or technology (whether or not originating in the EU) which is listed in Annex II, to a person or entity in Russia or for use in Russia. Annex II includes certain technologies suited to the oil exploration and production projects in deep waters or in the offshore area north of the Arctic Circle or by hydraulic fracturing in Russia. It is also prohibited to provide technical assistance or financial assistance (which is defined to include insurance or reinsurance) in respect of these activities. (Annex XVII) Link to the original

Exceptions are made for:
the transport of fossil fuels (in particular coal, oil and natural gas) from or through Russia to the EU or in emergencies,
the provision of insurance or reinsurance to any EU person/entity with regard to its activities outside the energy sector in Russia,

15.03.2022
Completion date: 31.01.2023
16.03.2022
EU general
Trade restrictions
Import ban
Russia
Industry - Iron and steel
Prohibition to import, directly or indirectly, iron and steel products (listed in Annex XVII) into the EU if they originate in Russia or have been exported from Russia, to purchase these products which are located or which originated in Russia. The direct or indirect provision of technical assistance, brokering services, financing or financial assistance, including financial derivatives, as well as insurance and reinsurance in connection with such activities is also prohibited. Link to the original
15.03.2022
Completion date: 31.01.2023
End of grace period: 17.06.2022
16.03.2022
EU general
Trade restrictions
Transport ban
Russia
Industry - Iron and steel
Prohibition to transport iron and steel products (listed in Annex XVII) to the EU or any other country if they originated in Russia or are being exported from Russia to any other country. This includes a ban on providing associated technical/financial services or assistance. Link to the original
15.03.2022
Completion date: 31.01.2023
End of grace period: 17.06.2022
16.03.2022
EU general
Financial restrictions
Ban on rating services
Russia
Comprehensive - entities
From 15 April, 2022, it is prohibited to provide credit rating services, and any subscription services in relation thereto, to any Russian national or natural person residing in Russia or any legal person, entity or body established in Russia, This prohibition does not, however, apply to nationals of a Member State or natural persons having a temporary or permanent residence permit in a Member State. Also from 15 April 2022 it prohibited to provide access to any subscription services in relation to credit rating activities to any Russian national or natural person residing in Russia or any legal person, entity or body established in Russia. Link to the original

Exceptions are made for to nationals of a Member State or natural persons having a temporary or permanent residence permit in a Member State

15.03.2022
Completion date: 31.01.2023
15.04.2022
EU general
Financial restrictions
Money and capital markets restrictions
Russia
Comprehensive - financial
The Council expanded the list of legal persons, entities and bodies subject to the prohibitions related to investment services, transferable securities, money market instruments, and loans. Link to the original
09.03.2022
Completion date: 31.01.2023
10.03.2022
EU general
Financial restrictions
Investment ban
Russia
Energy - Energy sector
Prohibition on acquisition of any new or extension of any existing participation in any legal person, entity or body incorporated or constituted under the law of Russia or any other third country and operating in the energy sector in Russia. Link to the original

The competent national authorities may authorize activities if it is necessary for ensuring critical energy supply within the EU, as well as transport of fossil fuels from or through Russia into the EU, or it exclusively concerns an entity operating in the energy sector in Russia owned by an entity which is incorporated or constituted under the law of a Member State,

15.03.2022
Completion date: 31.01.2023
16.03.2022
EU general
Trade restrictions
Trade finance ban
Belarus
Comprehensive - financial
Prohibition on providing public financing or financial assistance for trade with, or investment in, Belarus, subject to certain exceptions. Link to the original

The prohibition shall not apply to:
– binding financing or financial assistance commitments established prior to 10 March 2022;
– the provision of public financing or financial assistance up to the total value of EUR 10 million per project benefiting SMEs established in the Union; or
– the provision of public financing or financial assistance for trade in food, and for agricultural / medical / humanitarian purposes,

09.03.2022
Completion date: 31.01.2023
10.03.2022
EU general
Financial restrictions
Deposit ban
Belarus
Comprehensive - individuals
Prohibition on accepting deposits from Belarusian nationals/residents, or entities established in Belarus in excess of EUR 100,000 per credit institution. Link to the original

Exceptions for: nationals or, or persons having temporary residence in, an EU member state, EEA country or Switzerland; deposits which are necessary for non-prohibited cross-border trade in goods and services between the EU and Belarus.

The competent authorities may authorise the acceptance of such a deposit, under such conditions as they deem appropriate, after having determined that the acceptance of such a deposit is:
(a) necessary to satisfy the basic needs of natural or legal persons, entities or bodies referred to in Article 1u(1) and their dependent family members, including payments for food, rent or mortgage, medicines and medical treatment, taxes, insurance premiums, and public utility charges;
(b) intended exclusively for the payment of reasonable professional fees or the reimbursement of incurred expenses associated with the provision of legal services;
(c) necessary for extraordinary expenses, provided that the relevant competent authority has notified the competent authorities of the other Member States and the Commission of the grounds on which it considers that a specific authorisation should be granted, at least two weeks prior to the authorisation; or
(d) necessary for official purposes of a diplomatic mission or consular post or international organisation.
(e) necessary for humanitarian purposes, such as delivering or facilitating the delivery of assistance, including medical supplies, food, or the transfer of humanitarian workers and related assistance or for evacuations; or
(f) necessary for civil society activities that directly promote democracy, human rights or the rule of law in Belarus.

09.03.2022
Completion date: 31.01.2023
10.03.2022
EU general
Financial restrictions
Money and capital markets restrictions
Belarus
Comprehensive - individuals
Prohibiting provision of various services by EU central securities depositories for transferable securities issued after 12 April 2022 to Belarusian nationals or residents or legal persons, entities or bodies established in Belarus. Link to the original

Shall not apply to nationals of a Member State or natural persons having a temporary or permanent
residence permit in a Member State,

09.03.2022
Completion date: 31.01.2023
12.04.2022