Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

EU, EU/Europe, Sanctions

INSIGHT: EU approves 11th sanctions package against Russia over Ukraine

By Jan Strupszewski 

European Union governments agreed on Wednesday to an 11th package of sanctions against Russia over its invasion of Ukraine, aimed at stopping other countries and companies from circumventing existing measures.

The new package, tweeted by Sweden as EU president, forbids transit via Russia of an expanded list of goods and technology which might aid Russia’s military or security sector.

The biggest novelty, diplomats said, was enabling restrictions on the sale of sensitive dual-use goods and technology to third countries that might sell it on to Russia. Names of such countries can be added to an annex of the EU sanctions regulation with unanimous agreement of all 27 members.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!