Further to our previous sanctions updates of 25 February, 3 March, 11 March, 16 March and 14 April we herewith provide a further update of recent sanctions developments following Russia’s war against Ukraine:
Sanctions update April 14, Sanctions update March 16, Sanctions Newsletter update 11 of March, Sanctions newsletter of 3 of March, Sanctions newsletter of 25 of February
EU adopts a sixth sanctions package
On 3rd June, EU issued five new regulations which amend Council Regulation 2014/833 and expand the sanctions against Russia and Belarus as follows:
- A rather complicated prohibition commencing on 5 December 2022 and 5 February 2023 (depending on the HS code) as to the purchase, import or transfer of crude oil and certain petroleum products from Russia into the EU by maritime transportation. Import etc. of certain oil products by pipeline is exempted from the prohibition until the Council decides otherwise. In addition, Bulgaria and Croatia enjoy specific exceptions.
- Prohibition to provide (re)insurance for maritime transportation of crude oil and certain petroleum products from Russia to third countries
De-SWIFTing of additional Russian and Belarusian banks
- Extension of the existing prohibition on the provision of specialised financial messaging services (SWIFT) to three additional Russian credit institutions - Russia's largest bank Sberbank, Credit Bank of Moscow, and Russian Agricultural Bank - and the Belarusian Bank For Development And Reconstruction.
- Suspension the broadcasting activities in the EU of three more Russian state-owned outlets: Rossiya RTR/RTR Planeta, Rossiya 24 / Russia 24 and TV Centre International
- Expansion of the list of persons and entities concerned by export restrictions regarding dual-use goods and technology. Such additions to the list include both Russian and Belarusian entities
- Expansion of the list of goods and technology which may contribute to the technological enhancement of Russia’s defence and security sector. This includes 80 chemicals which can be used to produce chemical weapons.
- Prohibition of the provision of accounting, public relations and consultancy services.
- Adding additional individuals and entities to the asset freeze list which now comprises of 1158 individuals and 98 entities.
Swedish court holds that Dockworker’s ban against Russian operated vessels is illegal
On 28 March, the Swedish Dockworker’s association imposed a ban from calling Swedish ports against vessels sailing to and from Russia, vessels carrying Russian cargo and vessels operated by Russian interests (as well as vessels flying the Russian flag). The ban goes beyond the relevant EU sanctions in Council Regulation 833/2014 Article 3ea, which only targets Russian flagged vessels and, in addition contains several exceptions. The Dockworker’s ban has been challenged in court by the employer association, The Ports of Sweden. On 1 June the Swedish Labour Court issued a decision holding that the ban is unlawful. The decision can be read here (in Swedish)