European Union (EU) adopts seventh sanctions package against Russia | News item

taketonews

News item | 21-07-2022 | 15:30

On July 21, 2022, the European Union (EU) adopted new sanctions against Russia. The sanctions have been imposed because of the continued Russian aggression against Ukraine. What does the new package include? Among other things, a ban on the import of gold, tightening of previous sanctions and a reporting obligation for people and organizations on the sanctions list.

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EU: sanctions against Russia

The EU has adopted new sanctions against Russia. They are needed to exert maximum pressure on Russia to end the aggression in Ukraine. The most important measures in brief:

  • Ban on the import of gold and gold jewelry from Russia. Russia is one of the largest exporters of gold worldwide. This removes an important source of income for the Russian state.
  • Notification obligation for persons and entities on the sanctions list. There will be a stricter notification requirement for sanctioned persons or entities if they have assets and assets anywhere in the EU. Don’t they? Then they are in violation.
  • 48 persons and 9 entities are added to the sanctions list.
  • Extension of the export ban on dual usegoods. These are products, services and technologies that can also be used for military purposes. More information about the export ban? Also see Which products are subject to the sanctions? (rvo.nl)
  • Strengthen the implementation of the previous six packages. For example, through technical corrections and clarification of legislation. The Netherlands contributed to this on the basis of results from Stef Blok’s report. The six sanction packages will be extended until early 2023.
  • Clarification of exceptions in the field of agricultural and food productsincluding wheat and fertilizers. This clarification makes it clear that the sanctions do not in any way target the import or export of food and fertilizers.

Continued commitment European Union

The European Union remains committed to supporting Ukraine’s right of self-defense against Russian aggression. And to build a peaceful, democratic and prosperous future. A complete overview of the sanctions can be found on the EU sanctions page (page is being updated). See also the EU timeline of sanctions against Russia.

Dutch implementation of sanctions

Would you like to know more about the sanctions and how the Netherlands implements them? See the page Sanctions against Russia and Belarus (Belarus).

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