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Outraged by Russia's illegal and unprovoked full-scale invasion of Ukraine in February 2022, the European Union swiftly adopted unprecedentedly tough sanctions, in close cooperation with partners including the United States, the United Kingdom, Canada, Australia and Japan. The rapid succession of 11 packages of EU sanctions adopted since then, in what has already been labelled a 'sanctions revolution', have resulted in an unparalleled set of measures targeting key sectors of the Russian economy and ...

The European Union (EU) has established over 40 regimes of sanctions against third countries, entities, and legal and natural persons. These restrictive measures include arms embargoes, import and export bans, freezing of funds and economic resources, and travel bans. Whereas the adoption of EU sanctions is centralised at EU level, their implementation and enforcement lies with the Member States. The significant differences between national systems, particularly in terms of offences and penalties ...

Since Russia launched its unprovoked war against Ukraine on 24 February 2022, the United States (US) has worked in lockstep with allies and partners, notably the European Union, its Member States and other G7 countries, towards a strong collective response. This has included several packages of economic sanctions against Russia aimed at severing the country from technologies and financial sources that fuel its war, and directly targeting the persons and entities involved. The US in cooperation with ...

The United States (US) has been imposing sanctions on Russia since its illegal annexation of Crimea in 2014. Since the outbreak of Russia's war on Ukraine in February 2022, these sanctions have become increasingly severe and far-reaching. The US, together with the European Union and other close allies, has targeted Russian assets, international trade and the economic sectors involved in the war, as well as specific individuals and entities engaged in sanctioned activities. The sanctions seek to weaken ...

En avril 2022, le président ukrainien Volodymyr Zelensky a initialement demandé au Congrès des États-Unis et à la Maison-Blanche d’ajouter la Russie à la liste des États soutenant le terrorisme dressée par le département d’État. Depuis lors, il a élargi cette demande aux gouvernements du monde entier. La Chambre des représentants et le Sénat des États-Unis ont adopté des résolutions invitant le secrétaire d’État Antony Blinken à ajouter la Russie à cette liste, ce qu’il a refusé de faire jusqu’à ...

Non-military coercion, which means using economic means to achieve political goals, has become an increasingly serious problem for EU governments and businesses. Experts believe that China, traditionally an opponent of economic sanctions, has been deploying coercive economic practices with growing intensity and scope, particularly since the reappointment of Xi Jinping as the country's president in 2018. Frequently deployed to gain leverage on issues such as territorial and maritime disputes, these ...

The Russian invasion has caused huge destruction of life and property in Ukraine. Reconstruction will be a long and costly process, and the EU and others are already marshalling funds for this effort. Some EU leaders have expressed support for using frozen Russian central bank (RCB) funds towards reconstruction, but it is unclear if this will actually happen. There are recent examples of sovereign assets being confiscated and used to compensate victims of injustice, but the confiscation of Russia's ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates, and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates, and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates, and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...