EU member states have reached an agreement to adopt further targeted sanctions against Russia for invading Ukraine. extending sanctions to Belarus in response to its involvement in the attack.
In particular, the new measures impose restrictive measures on 160 people and amend Regulation (EC) 765/2006 on restrictive measures in view of the situation in Belarus and Regulation (EU) 833/2014 on actions by Russia, which destabilize the situation in Ukraine.
For Belarus, The measures introduce bans on the SWIFT system similar to those of the Russian regime and clarify that crypto assets fall within the scope of “transferable securities”.
In addition, the new sanctions further extend the existing economic constraints, reflecting the measures already in place on sanctions against Russia.
In particular, the agreed measures:
-prohibit transactions with the Central Bank of Belarus related to the management of reserves or assets and the provision of public financing for trade and investment in Belarus.
-prohibit the listing on the stock exchange and the provision of services in relation to shares of state bodies of Belarus in EU trading venues. from 12 April 2022.
-significantly restrict financial inflows from Belarus to the EU, prohibiting the acceptance of deposits of more than 100,000 euros by Belarusian nationals or residents, the keeping of Belarusian client accounts from the EU central securities depository, and the sale of euro securities to Belarusian clients.
-prohibit the supply of euro banknotes in Belarus.
For Russia The latest amendments introduce, among other things, new restrictions on exports of technologies in navigation and radiocommunications, while adding the Russian Maritime Shipping Register to the list of state-owned enterprises subject to financial restrictions.
In addition, others 160 natural persons recorded in connection with actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Individuals listed include:
14 oligarchs and prominent businessmen from key economic sectors that provide significant sources of income in the Russian Federation – in particular in the metallurgy, agriculture, pharmaceutical, telecommunications and digital industries – as well as their family members
146 members of the Council of the Russian Federation (Upper House)
Overall, EU restrictive measures now involve 862 individuals and 53 entities.
Source: Capital
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