EU adopts 12th package of sanctions against Russia
Measure in Brief
The Council adopted the EU's 12th sanctions package, which adds over 140 listings and asset freezes and introduces new import and export bans, tighter implementation of the G7+ oil price cap, stricter asset-tracing obligations and enhanced anti-circumvention measures. The package also includes additional export controls and bans affecting dual-use and advanced technological goods valued at about €2.3 billion per year and a coordinated G7 ban on Russian diamonds.
Who Is Affected
The measures target more than 140 individuals and entities including actors in the Russian military and defence sectors, private military companies, IT actors, and those involved in forced "elections", child re-education and disinformation; trade measures affect diamonds, certain metal goods, LPG, dual-use and industrial goods and specified third-country entities. The package also adds 29 entities linked to Russia's military-industrial complex, including entities registered in Uzbekistan and Singapore.
What Comes Next
G7 members will implement a direct ban on Russian diamonds by 1 January 2024, with bans on diamonds polished in third countries from 1 March 2024 and expansion to lab-grown diamonds, jewellery and watches from 1 September 2024, while the Commission will monitor enforcement and Member States are required to trace assets.
Sources
Official Documents
- EU adopts 12th package of sanctions against Russia for its continued illegal war against Ukraine The EU adopted the 12th sanctions package against Russia, introducing new import/export bans (including diamonds and LPG), stricter asset freezes and anti-circumvention measures, and tighter energy controls, in coordination with the G7.
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