News & insights

10th EU Sanctions Package Announced

Written by Insight & Partnership Team | Feb 25, 2023 10:00:00 AM

The new sanctions package introduces measures including: 

  • Additional export bans on sensitive dual-use and advanced technologies and goods that can be used to help the Russian war effort and that support military capabilities
  • Import bans on high-value goods including materials such as bitumen, asphalt etc.
  • The requirement to freeze the assets of and not make funds and economic resources available to three additional Russian banks
  • New reporting obligations on Russian Central Bank assets
  • Banning two additional Russian media outlets