IMPLEMENTATION LEVEL

Supranational

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 03 Jun 2022 | Removal date: open ended

Controls on commercial transactions and investment instruments

On 3 June 2022, the EU adopted Council Implementing Regulation (EU) 2022/878 adding 18 Russian companies to the list of entities whose funds and economic resources will be frozen within the EU. The new companies subject to an asset freeze and a prohibition from making funds available to them are: 1. JSC GARNIZON; 2. JSC OBORONENERGO; 3. OJSC Ulyanovsk; 4. JSC VOENTELECOM (VOYENTELEKOM); 5. JSC VOENTORG; 6. VOENTEKSTILPROM LLC; 7. INDEPENDENT INSURANCE GROUP; 8. PJSC KAMAZ alias KAMAZ PTC; 9. JSC KRONSHTADT TEKHNOLOGII Group of Companies; 10. Management Company Tatneft-Neftekhim LLC; 11. Nizhnekamsk All-Steel Tyre Plant, LLC; 12. PJSC Nizhnekamskshina; 13. LLC TD KAMA; 14. OJSC Balashikha Casting and Mechanical Plant; 15. JSC REMDIZEL; 16. JSC SUKHOI Company; 17. JSC "121 AIRCRAFT REPAIR PLANT"; and 18. National Settlement Depository (NSD). 

These companies operate in the following sectors: manufacturing of vehicles (off-road, heavy trucks), tanks, tires, metal castings (titanium, magnesium, aluminium), aircraft and aircraft parts, military clothing, as well as logistics and management services, electricity distribution, telecommunication (telephony), clothing services (laundry, dry-cleaning), financial insurance and other related depository services, engineering services, and maintenance services for the aviation sector. 

In particular, these entities were added to Annex I to Regulation (EU) No 269/2014 which set sanctions in the context of the Crimea conflict. The measure entered into force on the same day of its publication. 

EU's sanctions on Russia and Belarus 

On 3 June 2022, the EU adopted its sixth package of measures targetting the Russian Federation for its invasion of Ukraine, as well as Belarus for its involvement. The package includes 4 other regulations establishing targeted restrictive measures on Russian and Belarusian politicians and high-profile individuals, trade restrictions, as well as other capital control and financial restrictions (see related state acts). 

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

271 Made-up textile articles
8804 Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto.
880400 Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto.
282 Wearing apparel, except fur apparel
6217 Other made up clothing accessories; parts of garments or of clothing accessories, other than those of heading 62.12.
621710 Accessories
621790 Parts
361 Rubber tyres & tubes
4012 Retreaded or used pneumatic tyres of rubber; solid or cushion tyres, tyre treads and tyre flaps, of rubber.
401211 Of a kind used on motor cars (including station wagons and racing cars)
401212 Of a kind used on buses or lorries
401213 Of a kind used on aircraft
401219 Other
401290 Other
392 Non-metal wastes or scraps
4012 Retreaded or used pneumatic tyres of rubber; solid or cushion tyres, tyre treads and tyre flaps, of rubber.
401220 Used pneumatic tyres
416 Other non-ferrous metals, cerments & articles thereos
8104 Magnesium and articles thereof, including waste and scrap.
810419 Other
8108 Titanium and articles thereof, including waste and scrap.
810890 Other
429 Other fabricated metal products
7616 Other articles of aluminium.
761699 Other
431 Engines & turbines & parts
8805 Aircraft launching gear; deckarrestor or similar gear; ground flying trainers; parts of the foregoing articles.
880510 Aircraft launching gear and parts thereof; deckarrestor or similar gear and parts thereof
880521 Air combat simulators and parts thereof
880529 Other
447 Weapons & ammunition & parts
8710 Tanks and other armoured fighting vehicles, motorised, whether or not fitted with weapons, and parts of such vehicles.
871000 Tanks and other armoured fighting vehicles, motorised, whether or not fitted with weapons, and parts of such vehicles.
491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870310 Vehicles specially designed for travelling on snow; golf cars and similar vehicles
870321 Of a cylinder capacity not exceeding 1,000 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870333 Of a cylinder capacity exceeding 2,500 cc
870390 Other
496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880211 Of an unladen weight not exceeding 2,000 kg
880212 Of an unladen weight exceeding 2,000 kg
880220 Aeroplanes and other aircraft, of an unladen weight not exceeding 2,000 kg
880230 Aeroplanes and other aircraft, of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg
8803 Parts of goods of heading 88.01 or 88.02.
880310 Propellers and rotors and parts thereof
880320 Undercarriages and parts thereof
880330 Other parts of aeroplanes or helicopters
880390 Other

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