Ukraine: Adoption of further EU sanctions against Russia and Belarus
On 8 April, the EU adopted further sanctions against Russia and certain restrictive measures against Belarus, considering Russia’s continuing military actions in the Ukraine.
This fifth package covers further measures in the areas of trade, finance and transport. These include bans on imports of coal and other goods that serve as important sources of revenue for Russia (such as wood, cement, seafood and vodka), and an export ban on kerosene and other goods that could contribute to strengthening Russia’s industrial capacity (including industrial robots and certain chemicals).
The EU also imposed a ban on the participation of Russian companies in public procurement, new financial sanctions, particularly regarding trusts, and a ban on financial support for Russian public institutions. Furthermore, the EU has imposed a ban on Russian and Belarusian road transport undertakings preventing them from transporting goods by road within the EU, and a ban on access to EU ports for Russian vessels.
Source PwC
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