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Fourth package of restrictive measures against Russia

Mar 16, 2022 | News

(15 March 2022) – Today, the European Council adopted a fourth package of restrictive measures against Russia in response to its brutal aggression against Ukraine and its people.

© European Commission

These sanctions will further contribute to ramping up economic pressure on the Kremlin and cripple its ability to finance its invasion of Ukraine. They have been coordinated with international partners, notably the United States.

The agreed measures are the following:

• A full prohibition of any transactions with certain Russian State-owned enterprises across different sectors – the Kremlin’s military-industrial complex.

• An EU import ban on those steel products currently under EU safeguard measures.

• A far-reaching ban on new investment across the Russian energy sector. • An EU export ban on luxury goods (e.g. luxury cars, jewellery, etc.) to directly hit Russian elites.

• Moreover, the list of sanctioned persons and entities has been further extended.

• A ban on the rating of Russia and Russian companies by EU credit rating agencies and the provision of rating services to Russian clients.

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