ANNOUNCEMENT 21 Jul 2022

In July 2022, the EU adopted further trade restrictions on Russia in the context of the Russian invasion of Ukraine.

 

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

EUR-Lex. Official Journal of the EU. "Council Regulation (EU) 2022/1269 of 21 July 2022 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine". 21/07/2022. Available at:
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.193.01.0001.01.ENG&toc=OJ%3AL%3A2022%3A193%3ATOC

Council of the EU. Press release. "Russia’s aggression against Ukraine: EU adopts “maintenance and alignment” package". 21/07/2022. Available at:
https://www.consilium.europa.eu/en/press/press-releases/2022/07/21/russia-s-aggression-against-ukraine-eu-adopts-maintenance-and-alignment-package/

Inception date: 22 Jul 2022 | Removal date: open ended

Import ban

On 21 July 2022, the European Union adopted Council Regulation (EU) 2022/1269 prohibiting the import or purchase, directly or indirectly, of Russian gold. The affected tariff subheadings are those falling under chapters 7208, 7113, and 7114, in addition to subheadings 7112.91 and 7118.90. The measure enters into force the day following its publication on the official gazette. 

In particular, the import ban was introduced via a modification of Regulation (EU) No 833/2014 which set sanctions in the context of the Crimea conflict. The affected products were added as two new annexes to this regulation, namely Annex XXVI and Annex XXVII. The measure comes after other G7 Members imposed similar restrictions (see related state acts). 

The regulation also includes an extension of the import ban list (see related interventions).

In this context, the EU's High Representative for Foreign Affairs and Security Policy, Josep Borrell, noted: "Today’s “maintenance and alignment” package introduces a new prohibition to purchase, import, or transfer, directly or indirectly, gold, if it originates in Russia and it has been exported from Russia into the EU or to any third country after. This prohibition also covers jewellery". 

EU's sanctions on Russia

On 21 July 2022, the EU passed a series of measures targeting the Russian Federation for the recognition of non-government-controlled areas of the Donetsk and Luhansk oblasts of Ukraine as independent entities, and the subsequent decision to send Russian troops into these areas. The package also includes further trade and financial restrictions against Russian and other sanctions targeting Syria (see related state acts). 

AFFECTED SECTORS

 
Inception date: 22 Jul 2022 | Removal date: open ended

Export ban

On 21 July 2022, the European Union adopted Council Regulation (EU) 2022/1269 extending the list of goods which could contribute in particular to the enhancement of Russian industrial capacities subject to an export ban. The measure adds 29 new products to the list, first introduced in March 2022 (see related state act). The measure enters into force the day following its publication on the official gazette.

In particular, the measure was introduced via a modification of Annex VI of Regulation (EU) No 833/2014 which set sanctions in the context of the Crimea conflict. 

The regulation also includes a new import ban on Russian gold (see related interventions).

In this context, the EU's High Representative for Foreign Affairs and Security Policy, Josep Borrell, noted: "The package also extends the list of controlled items, which may contribute to Russia’s military and technological enhancement or the development of its defence and security sector, thereby reinforcing export controls on dual-use and advanced technology". 

EU's sanctions on Russia

On 21 July 2022, the EU passed a series of measures targeting the Russian Federation for the recognition of non-government-controlled areas of the Donetsk and Luhansk oblasts of Ukraine as independent entities, and the subsequent decision to send Russian troops into these areas. The package also includes further trade and financial restrictions against Russian and other sanctions targeting Syria (see related state acts).