Press releases, 28.2.2022

EU imposes new sanctions in response to Russia’s actions

The EU Member States approved the sanctions and they entered into force on Monday 28 February.

The European Union, together with its close partners, responded to Russia’s attack on Ukraine by imposing new sanctions. The sanctions package approved on 28 February supplements the decisions made on 25 February and 23 February on EU sanctions in response to Russia’s actions.

The decision expands the list of individuals targeted by sanctions due to actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. These sanctions include asset freezes and travel and transit restrictions. The individuals added to the sanctions list are leaders of large companies and financial institutions that support the Russian government, political and military decision-makers as well as media and information influencers. The listed individuals support and benefit from the government of the Russian Federation and constitute a major source of income for it. A Russian company that has insured infrastructure projects in the Crimean Peninsula illegally annexed by Russia was also added to the list.

With respect to financing, sectoral economic sanctions were expanded to cover transactions with the Russian Central Bank, which are now all banned. 

A ban on all air carriers operated by Russia or aircraft registered in Russia or owned by Russian individuals or legal persons was also added to the sanctions package. The ban covers landing, take-off and overflight in EU territory.

Sanctions against the Russian Central Bank and air traffic:

Individual sanctions regime:

 

Inquiries:

Teemu Sepponen, Counsellor (export control), tel. + 358 295 351 045

Mikael Ruotsi, Senior Officer, Legislative Affairs (financial sanctions), tel. + 358 295 350 826 
Marja Liivala, Director General (individual sanctions), tel. + 358 295 351 727
The Foreign Ministry’s email addresses are in the format firstname.lastname@formin.fi.
 

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