EU Sanctions Against Russia: Full Guide (Updated)
- Arne Mielken
- Jan 7, 2024
- 5 min read
Get a complete overview of EU sanctions against Russia, including the latest updates and a breakdown of each sanction's package. Date of last update 08.01.2024
Content
I Background
II EU Legislation
III EU Sanctions' Packages Explained
IV Restrictions on Individuals and Entities: Who is being sanctioned?
V Import & Export Sanctions on Russia
VI Guidance on Circumvention
VII Frequently Asked Questions
VIII Where to get support
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I Background
Since March 2014, the EU has been imposing sanctions on Moscow in response to its illegal annexation of Crimea and Sevastopol and its deliberate destabilization of Ukraine. On February 23, 2022, the EU tightened sanctions due to Ukraine's Donetsk and Luhansk regions being acknowledged as under non-government control and the Russian military receiving orders to invade those areas.
Following Russia's military aggression against Ukraine on 24 February 2022, the European Union resorted to massive expansion of sanctions against Russia to curtail its ability to wage war significantly. It aimed to deprive Russia of critical technologies and markets, weaken its economic base, and reduce its capability to wage war. The EU added many persons and organizations to the sanctions list and used unprecedented measures to harm Russia's economic base, deny it access to critical markets and technologies, and significantly reduce its ability to wage war.
Furthermore, Belarus' involvement in Russia's aggression against Ukraine has increased the EU's sanctions system against it. The system consists of many commercial, economic, and financial constraints in addition to the sanctions that Belarus previously faced.
II EU Legislation
All persons, groups, and organisations subject to EU jurisdiction are addressed by the relevant Council Regulations listed below, for whom they establish legal responsibilities.
Consolidated text of Regulation (EU) No 833/2014 (Russia)
Consolidated text of Regulation (EU) No 269/2014 (Ukraine territorial integrity)
III EU Sanctions' Packages Explained
The EU has sanctioned Russia by ever-expanding legislation - in so-called "packages". We explain what was introduced under each package.
IV Restrictions on Individuals and Entities: Who is being sanctioned?
The European Union has taken a stern stance and imposed restrictive measures against individuals and entities threatening Ukraine's territorial integrity, sovereignty and independence. These measures now apply to a massive count of almost 1800 individuals and entities. To identify the culprits, you can refer to our dedicated blog on sanctions against Russia which lists the individuals, entities, and organizations affected.
V Import & Export Sanctions on Russia
To exert pressure on the Russian economy, the sanctions are designed to limit trade activities and financial transactions between the EU, Russia and across specific industries. Discover all the economic sanctions imposed
SPECIAL: Import Ban on Iron and Steel:
VI Guidance on Circumvention against Russia
The EU has provided instructions for EU businesses, advising them to use more caution to prevent Russian sanctions evasion. Download it here.
VII Frequently Asked Questions on Sanctions Against Russia and Belarus
Latest Updates (date: 08.01.2027)
The European Commission has published over 500 FAQs to assist stakeholders in applying the sanctions packages.General guidelines - Consolidated version of the FAQs on sanctions against Russia and Belarus
VIII Where to get support
E-mail us at info@customsmanager.org or schedule an expert call
More information and links
EU sanctions map
The EU sanctions map provides comprehensive details of all EU sanctions regimes and their corresponding legal acts: https://www.customsmanager.info/post/eu-sanctions-map-our-use-guide-for-effective-company-implementation
Other resources
Guidance for EU operators: implementing enhanced due diligence to shield against Russia sanctions circumvention List of economically critical goods List of high-priority battlefield items Guidance note on ensuring food security through the implementation of firewalls Factsheet - EU sanctions against Russia following the invasion of Ukraine REPO Global Advisory on Russian Sanctions Evasion
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