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Economic Sanctions

EU Sanctions

This section covers the EU Sanctions List.

The EU maintains a Consolidated list of persons, groups and entities subject to EU financial sanctions. It also maintains a list and map of countries subject to EU, UN or both EU and UN sanctions.

EU Official Journal
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EU Council extends individual sanctions related to Russia’s war of aggression against Ukraine and violations of territorial integrity for an additional 6 months

The existing restrictive measures provide for travel restrictions for natural persons, the freezing of assets, and a ban on making funds or other economic resources available to the listed individuals and entities. Sanctions will continue to apply to over 2200 individuals and entities, many of which are targeted in response to Russia’s ongoing unjustified and unprovoked military aggression against Ukraine.

EC updates FAQs on asset freeze and prohibition to make funds and economic resources available

The ‘freezing of funds’ means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or any other change that would enable the funds to be used. Entities are now considered owned by listed persons if their combined ownership is 50% or more…

Council of the EU imposes sanctions on Belarus for the 2020 election fraud, human rights abuses and its role in Russia’s aggression against Ukraine

These sanctions aim to pressure the Belarusian leadership to halt violence, release political prisoners, and engage in a genuine national dialogue. The EU is prepared to assist with economic support for a democratic transition and will impose additional sanctions if necessary. The EU supports the Belarusian people’s desire for a free and democratic nation and is troubled by the worsening human rights situation…

EU lists further 28 individuals for participation in internal repression in Belarus

Includes two deputy heads of the Main Department for Combating Organised Crime and Corruption, various members of the judiciary, as well as a group of long-time supporters of Lukashenka.

Council of EU extends economic sanctions against Russia’s aggression in Ukraine for an additional six months

These sanctions target Russia’s unprovoked and illegal military aggression against Ukraine. They include a wide range of sectoral measures such as trade, finance, technology, and luxury goods restrictions, as well as bans on importing seaborne crude oil and petroleum products, de-swifting several Russian banks. Additional measures are in place to prevent sanctions circumvention…

Council of EU reveals Global Human Rights sanctions regime which has sanctioned five individuals for obstructing humanitarian aid to Gaza by extremist Israeli settlers in the occupied East Jerusalem

The listings include Israeli settler in the Jordan Valley, who where engaged in escalating violence and harassment against Palestinian shepherding communities since October 2023. The Council also listed unauthorized outpost, in the West Bank for repeated attacks and acts of violence against Palestinians which resulting in severe injuries…

European Commission announces export controls and restrictions against Russia which are designed to limit their access to key technologies and resources

The EC, along with Japan, the UK, and the US, held a meeting on 10th July, 2024, to discuss the enhancement of export restriction measures in response to Russia’s invasion of Ukraine. They emphasised the importance of maintaining and adjusting these restrictions to prevent Russia from accessing military-related items, warning that companies profiting from such sales will face legal consequences…

EU Commission further extends the scope of sanctions against Belarus in response to continued involvement in Russian aggression against Ukraine

The new measures are tailored in view of the specific characteristics of EU-Belarus trade and affect various sectors of the Belarusian economy, including trade, services and transport.

Council of EU adds six persons to EU sanctions list for malicious cyber activities against EU member states and Ukraine

The EU imposed sanctions on the Callisto group, engaged in cyber operations targeting EU states and third countries via phishing to steal sensitive data. These actions increase the EU’s cyber sanctions list to 14 individuals and four entities, including asset freezes, travel bans, and financial prohibitions…

Council of EU agrees on the 14th package of sanctions against Russia, which cracks down on circumvention and adopts energy measures

These measures are designed to target high-value sectors of the Russian economy, like energy, finance and trade, and make it ever more difficult to circumvent EU sanctions.

EU Ministers discuss G7 decision clarifying the obligations of Central Securities Depositories (CSD) holding assets and reserves of the Central Bank of Russia (CBR) that are immobilised as consequence of EU’s restrictive measures

Focus on the latest G7 decision to make available from 2025 onwards approximately $50 billion by leveraging the extraordinary revenues stemming from the immobilisation of Russian sovereign assets.