EU ANNOUNCES SIXTH PACKAGE OF SANCTIONS ON RUSSIA

On 4 May, the EU announced a further package of measures, including –

designations of high-ranking military officers, those said to have committed “war crimes” in Bucha and those said to be responsible for the siege of Mariupol;

the removal of Sberbank and 2 other banks from SWIFT;

a ban on 3 Russian state-owned broadcasters;

an export ban on accountancy, consultancy and “spin doctor” services; and

an import ban on all Russian oil (crude oil will be phased out within 6 months and the import of refined products by the end of 2022).

https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_22_2785

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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