The package includes an export ban on chemicals, dual-use goods, goods used for torture, advanced technologies, aviation equipment, machinery, and weapons and their parts that have been unsanctioned until now. The imports ban list is also expanded.
The prohibition on providing services will expand to IT, legal assistance, architecture and engineering.
A regulation necessary for implementing an agreed G7 price cap on oil will also be introduced. This means that once the G7 has set the price limit, member states will unanimously transpose it. Subsequently, a ban will enter into force on transporting oil bought from Russia for a higher price to third countries. Providing insurance services is allowed on the condition that ships carry Russian oil bought for a price below the price cap. The amendments are set to enter into force on 5 December 2022 and 5 February 2023 for crude oil and refined oil products respectively.
30 individuals and 7 legal entities involved in the annexation of Ukraine’s oblasts will be added to the sanctions list. At Estonia’s proposal, the package will also include a ban on providing certain crypto assets services to Russian citizens, residents and companies.
The agreed sanctions are published in the Official Journal of the European Union.
Additional information on sanctions on the website of the Ministry of Foreign Affairs
Information site of the Council of the European Union
