Private Client Specific Docs

UK Sanctions against Russia - March 2023

Issue link: https://read.uberflip.com/i/1497322

Contents of this Issue

Navigation

Page 53 of 84

Sanctions against Russia 54 Commons Library Research Briefing, 22 March 2023 Prior to the onset of Russian military action in Ukraine on 24 February 2022, EU restrictive measures relating to the sovereignty and territorial integrity of Ukraine already applied to 193 individuals and 48 entities. Those designated individuals are subject to an asset freeze and a travel ban. This includes three members of the Russian Duma who were sanctioned on 21 February 2022, having been elected in Russia's September 2021 parliamentary elections to represent Crimea and the City of Sevastopol. The Head and Deputy Head of the Sevastopol Electoral Commission were also sanctioned. 231 In concert with allies, on 22 February EU Foreign Ministers agreed a further package of sanctions. Measures included: • 351 members of the Russia Duma who voted for recognition of the DPR and LPR were listed. • 26 individuals and entities playing a role in undermining or threatening Ukrainian territorial integrity, sovereignty and independence, including banks that are financing Russian decision makers, those in the defence sector that played a role in the invasion and those responsible for waging a disinformation war against Ukraine, will be subject to targeted sanctions. Russian Defence Minister, Sergei Shoigu is on the list. • Targeting trade from the DPR and LPR to and from the EU. • Preventing the Russian state and government from accessing European capital and financial markets and services, including through limiting the access of Russian sovereign debt to EU financial markets. In line with allies, EU High Representative, Josep Borrell, confirmed the EU would also "raise the level of sanctions substantially, according with Russian behaviour". 232 Further rounds of sanctions Further sanctions followed on 25 and 28 February, in early March, early April and in early June 2022. 233 To supplement those sanctions packages, at the 231 Official Journal of the European Union, L40, Vol.65, 21 February 2022 232 EU External Action Service, Press remarks by High Representative Josep Borrell, 22 February 2022 233 Council of the European Union, Press release, 25 February 2022; Council of the European Union, Press release, 28 February 2022; Council of the European Union, Press release, 9 March 2022, Council of the European Union, Press release, 8 April 2022 and Council of the European Union, Press • Further restrictions on the export of dual-use goods and advanced technologies including components that could be used in weapons systems such as drones, helicopters and missiles, rare earth minerals and thermal cameras. • Further import restrictions on goods which generate significant revenue for Russia, including asphalt and synthetic rubber. • New measures to prevent sanctions evasion.

Articles in this issue

Links on this page

view archives of Private Client Specific Docs - UK Sanctions against Russia - March 2023