russia-sanctions 03 March 2023

Anniversary of an invasion: EU/G7/aligned eight Russia sanctions measures in full

As detailed in the forthcoming issue of WorldECR, the EU has published its 10th package of sanctions against Russia, to mark the anniversary of Moscow’s attempted invasion of Ukraine, one year ago.

The EU measures include ‘new listings plus trade and financial sanctions, including further export bans worth more than €11 billion, depriving the Russian economy of critical tech and industrial goods. It also steps up enforcement and anti-circumvention measures, including a new reporting obligation on Russian Central Bank assets,’ – for more details see:

https://ec.europa.eu/commission/presscorner/detail/en/ip_23_1185

(and the forthcoming Issue 117 of WorldECR.)

The G7 group of nations, which includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, have also taken coordinated measures, as have ‘eight partner countries whose measures are substantially aligned with the EU: Australia, Canada, Japan, New Zealand, Norway, South Korea, the United Kingdom and the US.’

For a compilation of statements and actions from the G7 and the partner countries, see:

https://policy.trade.ec.europa.eu/news/eu-welcomes-co-ordinated-first-anniversary-push-russia-sanctions-2023-03-01_en