14th EU Sanctions Package Designations: 69 individuals & 47 entities listed

Arne Mielken
Dec 1, 2024
4 min read

Contained in the 14th EU Sanctions Package are 69 individuals and 47 entities listed for sanctions. Below are the names of those included on the lists.

In a decisive move to counter Russia's ongoing war of aggression against Ukraine, the European Union has today announced the adoption of its fourteenth package of sanctions. This latest round targets an additional 69 individuals and 47 entities deemed responsible for actions undermining Ukraine's territorial integrity, sovereignty, and independence.

Targeted Individuals and Entities

The new sanctions list encompasses various actors, including businesspersons, propagandists, public figures, military personnel, and judiciary members. Notably, individuals involved in the deportation of Ukrainian children and members of the Federal Security Service of the Russian Federation (FSB) implicated in religious persecution in illegally annexed Crimea are also targeted.

Key Highlights:

Circumvention of EU Sanctions: Several companies listed are known for their active role in evading EU sanctions through financial transactions and the delivery of prohibited goods. This includes a company operating the Vostochny port, which facilitated the shipment of weapons and ammunition from North Korea to Russia.
Military and Defense Industry: Numerous Russian military and defense companies, including those providing dual-use technologies vital for battlefield operations, have been sanctioned. This also extends to companies responsible for transporting weapons and military personnel to conflict zones.
Volga Dnepr Group: Sanctions have been imposed on the Volga Dnepr Group and its subsidiaries for their support services to Russia’s military-industrial complex, along with measures targeting its shareholders.
Sovcomflot: Russia's largest shipping company, Sovcomflot, specializing in the transportation of liquefied gas, crude oil, and petroleum products, is now on the sanctions list, including its CEO and other key energy sector companies.
Humanitarian Exploitation: The 'International Children's Center Artek', which organizes camps for children from Ukraine, the Kadyrov Foundation, and the Belarusian Republican Youth Union, involved in the forced deportation and re-education of Ukrainian children, are also sanctioned. Notable representatives from these organizations have been blacklisted.

Comprehensive Sanction Measures

The EU's restrictive measures now apply to over 2,200 individuals and entities. The sanctions include:

Asset Freeze: All assets of the listed individuals and entities within EU jurisdiction are frozen.
Funding Prohibition: EU citizens and companies are forbidden from making funds or economic resources available to those listed.
Travel Ban: Individuals are barred from entering or transiting through EU territories.

Background and Legal Framework

These measures are part of the EU's ongoing commitment to support Ukraine's sovereignty and territorial integrity, as reiterated in the European Council conclusions of April 2024. The legal acts detailing these sanctions, including the names of the individuals and entities, have been published in the Official Journal of the EU.

The Council Decision (CFSP) 2024/1738 amends Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining Ukraine’s territorial integrity, sovereignty, and independence.

How Customs Manager Ltd Can Help

Navigating the complexities of international sanctions can be challenging for businesses. Customs Manager Ltd offers expert guidance to ensure compliance with these new regulations. Our services include:

Risk Assessment: Evaluating your current operations to identify potential exposure to sanctioned entities and individuals.
Compliance Programs: Developing and implementing robust compliance programs tailored to your business needs.
Training: Providing comprehensive training sessions for your staff on the latest sanctions and compliance requirements.
Due Diligence: Conducting thorough due diligence checks on potential business partners and transactions.
Ongoing Support: Offering continuous support and updates to keep your business compliant with evolving sanctions.

Top Tips for Businesses to Prepare

Stay Informed: Regularly monitor updates on sanctions from reliable sources such as the Official Journal of the EU and industry newsletters.
Conduct Due Diligence: Perform detailed checks on all new and existing business partners to ensure they are not on the sanctions list.
Review Contracts: Update contracts to include clauses that allow for the termination of agreements if a party is sanctioned.
Enhance Internal Controls: Implement robust internal controls and compliance programs to detect and prevent sanctions breaches.
Train Your Team: Educate your employees about the importance of sanctions compliance and provide them with the necessary tools and knowledge.
Consult Experts: Engage with customs and compliance experts like Customs Manager Ltd to navigate the complexities of sanctions and ensure your business remains compliant.

Conclusion

The EU's fourteenth package of sanctions represents a robust and comprehensive approach to curtailing Russia’s ability to continue its aggressive actions against Ukraine. By targeting individuals and entities across various sectors, from military to economic to humanitarian, the EU aims to weaken Russia’s war efforts and uphold international law.

Please refer to the Official Journal of the EU for more detailed information, including the full list of sanctioned individuals and entities.

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