European Union (EU) Council Imposes Additional Sanctions on Russia and Belarus

Posted by Jessica Hajj on 3/22/22 5:00 PM

On 9 March 2022, the European Union (EU) announced further targeted sanctions against Russia and Belarus. In addition to the introduction of new restrictions, the EU’s press release explains that the latest amendments aim to create a closer alignment between sanctions in place against Russia and Belarus in order to prevent circumvention of these sanctions.

This alignment includes restrictions on SWIFT services, prohibition of transactions with the Central Bank of Belarus, and significantly limiting the financial inflows from Belarus to the EU.

For Russia, the amendment introduces new restrictions on the export of maritime navigation and radio communication technology and additional new restrictions on 160 individuals.

Topics: Sanctions, EU, Russia, European Union, Belarus

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