VATupdate

Overview of Current EU Sanctions on Russia and Challenges Ahead

In the aftermath of Russia’s recognition of the non-governmental controlled areas of Donetsk and Luhansk, followed a few days later by the invasion of Russian military forces in Ukraine, the international community has responded with the imposition of an unprecedented package of sanctions and restrictions against Russia, that appear not to have been yet exhausted. On Friday 8th April 2022, the European Council imposed the 5th package of economic and individual sanctions against Russia, with the aim being, as per the EU Council’s press release of the same date, “to reinforce pressure on the Russian government and economy, and to limit the Kremlin’s resources for the aggression”.

Source Kinanis

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