EU adopts 12th package of restrictive measures against Russia
Measure in Brief
The Commission adopted the twelfth package of EU restrictive measures against Russia, combining energy measures to reinforce the oil price cap and curb the use of a "shadow fleet", an import ban on certain LPG and Russian diamonds, import restrictions on steel raw materials and processed aluminium and copper, expanded export controls on dual-use and industrial goods, new listing criteria for asset freezes and anti-circumvention provisions.
Who Is Affected
Measures target Russian oil and energy exporters, vessels and operators engaged in deceptive shipping, actors in Russia's military and defence and entities aiding circumvention, sectors including diamonds, steel, aluminium, copper, chemicals and advanced technologies, and Russian nationals seeking control of crypto service providers.
What Comes Next
Several measures are phased: the LPG ban enters after a 12-month transition, G7 diamond bans and a traceability certification roll-out follow steps on 1 January 2024, 1 March 2024 and 1 September 2024, and some metal import restrictions include 12-month, two-year or four-year transitional periods.
Sources
Official Documents
- Questions and Answers: twelfth package of restrictive measures against Russia The EU announces the 12th package of restrictive measures against Russia, expanding energy sanctions, diamond bans, and broader import/export controls with enhanced enforcement and anti-circumvention measures.
Latest EU trade developments
-
EU Parliament adopts tariff changes for processed poultry meat
The European Parliament adopted its position at first reading on 21 November 2012 to implement exchange-of-letters agreements with Brazil and Thailand modifying tariff concessions on processed poultry meat and to amend the EU tariff nomenclature.
Read more -
Corrigendum to EP position on firearms import, export and transit measures
The European Parliament issued a corrigendum on 30 October 2024 to its first-reading position of 23 April 2024 on a recast Regulation implementing Article 10 of the UN Firearms Protocol, covering import, export and transit measures for firearms, their essential components and ammunition.
Read more -
EU and Australia agree FTA and Security and Defence Partnership
The EU and Australia adopted a Security and Defence Partnership, concluded negotiations for a free trade agreement, and agreed to launch formal negotiations for Australia’s association to Horizon Europe.
Read more
Similar policy actions
-
Commission acts against unfairly traded imports of sweetcorn from China
The Commission imposed anti-dumping duties on imports into the EU of sweetcorn from the People’s Republic of China.
Read more -
Commission issues guidance on BEV price undertaking offers from China
The European Commission has published a Guidance Document explaining how Chinese exporters can submit price undertaking offers in the context of anti-subsidy duties on BEVs from China.
Read more -
EU finds Chinese BEV value chain benefit from unfair subsidies
The European Commission has provisionally concluded that the battery electric vehicle value chain in China benefits from unfair subsidisation and has pre-disclosed provisional countervailing duty rates.
Read more