Oct 18, 2022

EU Adopts New Sanctions Against Russia – The Eighth Sanctions Package

The EU has adopted further sanctions against Russia, expanding the export restrictions on military, industrial and technological items, as well as on items used to develop Russia’s defence and security sector. The measures also include additional import restrictions on a number of Russian goods, including expanding the restrictions on import of steel of Russian origin. Furthermore, the new sanctions prohibit providing IT consultancy, legal advisory, architecture, crypto services etc. to Russian legal persons. Additionally, the scope of certain geographically limited trade restrictions has been extended to also cover the Ukrainian regions of Kherson and Zaporizhzhia. Finally, additional individuals and entities have been added to the asset freeze list.