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Attention: The 14th package of sanctions against Russia has been adopted!

On June 24, 2024, the European Union adopted the 14th sanctions package against Russia. This package strengthens enforcement and addresses potential circumvention routes. Here is a brief overview of this sanctions package.

Entrepreneurs beware! The thirteenth sanction package has been adopted!

Regulation (EU) 833/2014 has been restricting trade from the EU with Russia since the beginning of 2014. On Dec. 19, 2023, the 12th sanctions package went into force. Feb. 23, 2024, the 13th sanction package has been adopted by the EU.

Sanctions on imports

Since 2014, EU sanctions are in place to restrict trade with Russian parties. The sanctions consist of bans on the import and export of specific goods, trading with certain persons and strict monitoring of international transactions. Regulation (EU) No 833/2014 (the regulation) constitutes the basis of these sanctions. The regulation is still applicable as of 2023 and has since been supplemented and amended several times.

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