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10th EU Sanctions Package Announced

25 February 2023
EU and Russia flags

10th EU Sanctions Package Announced

The 10th EU sanctions package against Russia has been published by the European Commission.

Firms should take note of the Council Regulations within the package, ensuring that all requirements and prohibitions are complied with.

The new sanctions package introduces measures including: 

  • Additional export bans on sensitive dual-use and advanced technologies and goods that can be used to help the Russian war effort and that support military capabilities
  • Import bans on high-value goods including materials such as bitumen, asphalt etc.
  • The requirement to freeze the assets of and not make funds and economic resources available to three additional Russian banks
  • New reporting obligations on Russian Central Bank assets
  • Banning two additional Russian media outlets
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