EU Adopts 16th Sanctions Package Against Russia

The new package targets 49 individuals and 35 entities linked to the invasion.

Key individuals and entities sanctions include:

➡️ Companies involved in the production of weapons and equipment for the Russian military;

➡️ Entities transporting Russian oil;

➡️ Entities involved in the circumvention of EU sanctions such as a crypto-currency exchange based in Russia;

➡️ Third parties involved in supporting the Russian war effort;

➡️ Outlets involved in manipulating information in line with Kremlin messaging; and

➡️ Individuals involved in Russian mining and energy, non-government-controlled areas of Ukraine, the deportation of Ukrainian children, and public figures now working for Russia.

✅ Firms should ensure their sanctions screening systems are robust, screening individuals and entities against the latest lists.