Following the European Council’s adoption of an eleventh package of restrictive measures against Russia in response to its continuous aggression towards Ukraine, 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 trade restrictions for the export to Russia of certain goods (aircraft parts, firearms, cars beyond 1,900 cm³), the ban of transportation of certain products throughout Russian territory, further asset freezing measures, prohibitions as regards third-countries that may be importing goods from the EU for purposes of Russian use, and many others. The affected regulations and related RISP events are noted below:
Council Regulation (EU) 2023/1214 – EventID #21667
Council Regulation (EU) 2023/1215 – EventID #21663
Council Implementing Regulation (EU) 2023/1216 – EventID #21665
Questions and answers on the 11th package of restrictive measures against Russia
ID
23855
Other Features
asset freezing
banks
broker
companies
compliance
cooperation
custodian
financial resources
fund management
insurance
investment firms
notifications
payment services
process
prohibition
reporting
restrictions
risk
sanctions
securities
supply chain
third countries
Ukrainian conflict
wind-down
Date Published: 2023-06-23
Regulatory Framework: EU Sanctions
Regulatory Type: Q&As
ID 26549
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ID 26350
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ID 26287
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