Expeditors Newsflash

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

Expeditors' Newsflash articles are compiled from a number of public sources that, to the best of Expeditors' knowledge, are true and correct. It is our intent to present only accurate information. However, in the event any information contained herein is erroneous, Expeditors International of  Washington, Inc. accepts no liability or responsibility.                                                                                           

Copyright © Expeditors International of Washington, Inc.  Expeditors' Newsflash articles may not be reproduced in any form without advanced written consent of an authorized officer of the copyright holder.     

Topics that might interest you: 
Recommended for you

Terms of Use | Privacy Statement | Cookies | Modern Slavery Act
© 2020 Expeditors International of Washington, Inc. All rights reserved.
Expeditors is not responsible for the content of external sites.