European Union: EU Council adopts fourth package of sanctions against Russia, including trade bans and crypto-assets

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Description

EU Council adopts fourth package of sanctions against Russia, including trade bans and crypto-assets

On 15 March 2022, the European Council adopted the fourth package of restrictive measures aimed at Russia. The package contains the following measures and involves any type of “transferable securities", including crypto assets: - A ban on all transactions with certain state-owned enterprises; - A ban on providing credit rating services to any Russian person or entity; - A list of people linked to Russia's defence and industrial base, on whom stricter export restrictions are imposed regarding dual-use goods and goods and technology; - A ban on new investments in the Russian energy sector.

Original source

Scope

Policy Area
International trade
Policy Instrument
Import ban
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2022-03-09
under deliberation

On 9 March 2022, the European Commission announced that the sanctions adopted against Russia and Be…

2022-03-15
adopted

On 15 March 2022, the European Council adopted the fourth package of restrictive measures aimed at …