Questions and Answers: twelfth package of restrictive measures against Russia

Following the European Council’s adoption of a twelth package of restrictive measures against Russia in response to the invasion of the Ukraine by Russia, the European Commission (EC) has published corresponding new questions and answers (Q&As) in that regard. The Commission thereby outlines the rationale for adopting the new measures and briefly summarizes the scope of the new measures which involve further financial restrictions with respect to certain Russian entities and individuals, the refinement of the oil price cap, a prohibition to provide various goods which may be used for military purposes to Russia, and many others. Finally, the Q&As elaborate on ways to enforce the new restrictions. Some of the most relevant Q&As are listed below; for all of them, please refer to the original document.
Excerpt of the list of Q&As
– Why have you taken additional measures concerning the oil price cap?
– Who have you targeted?
– What entities have been targeted and in which countries?
– The import ban on Russian diamonds: How is this going to work in practice?
– How are you going to tackle possible circumvention risks?
– Which are the new import restrictions introduced with the 12th package of sanctions?
– Which are the new export restrictions introduced with the 12th package of sanctions?
– Asset freezing related measures: Why have you adopted a new listing criterion?