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EU 13th Sanctions Package Adopted Against Russia, Passing 2,000 Listings

By The Corporate INTL Newsroom · 26 February 2024

Aerial view of rows of shipping containers in a freight yard, illustrating trade under the EU 13th sanctions package

The EU 13th sanctions package against Russia has been adopted, marking two years since the full-scale invasion of Ukraine. The Council adopted the package on 23 February 2024, and the European Commission said in its statement welcoming the decision that it focuses on further limiting Russia's access to military technologies, such as drone components, and on listing additional companies and individuals involved in Russia's war effort.

With the new package, the number of individual EU listings in this sanctions regime exceeds 2,000.

New listings

The package contains 194 new designations, covering 106 individuals and 88 entities. According to the Commission, more than 140 of them are companies and individuals from Russia's military-industrial complex, including manufacturers of missiles, drones, anti-aircraft systems, military vehicles and high-tech weapons components. Ten Russian companies and individuals involved in shipping armaments from the Democratic People's Republic of Korea to Russia are listed, as is the DPRK Defence Minister, together with several Belarusian companies and individuals supporting the Russian armed forces.

Other listings target a logistics company and its director involved in parallel imports of prohibited goods, six judges and ten officials in occupied areas of Ukraine, and 15 individuals and two entities involved in the forced transfer, deportation and military indoctrination of Ukrainian children.

Trade measures

The package adds 27 companies to Annex IV of Regulation 833/2014, the list of entities associated with Russia's military-industrial complex, which are subject to tighter export restrictions on dual-use goods and advanced technology. They comprise 17 Russian companies involved in electronic components, particularly for drones, four companies registered in China and one each in Kazakhstan, India, Serbia, Thailand, Sri Lanka and Türkiye. The list of restricted advanced technology items is extended to cover drone components such as electric transformers, static converters and inductors, as well as aluminium capacitors. The European External Action Service has published a summary of the package.

What it means for business

EU companies, and non-EU companies with EU operations, should screen counterparties against the new listings and check whether any trading partners in third countries now appear in Annex IV. Exporters of electronic components should review product classifications against the extended list of restricted items. The Commission has stressed that full implementation and enforcement are crucial, and that it will continue working with Member States and third countries to address circumvention.

Sources

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