European Union

European Union

Adopts the tenth package of sanctions against the Russian Federation

25 Feb 2023

On 25 February 2023, the European Union adopted the tenth package of sanctions against the Russian Federation. It includes the following measures: - Additional financial sanctions on 87 individuals and 34 entities, including Alfa-Bank JSC, PJSC Rosbank, and Tinkoff Bank JSC, the National Wealth Fund of the Russian Federation, and the Russian National Reinsurance Company; - Prohibition on Russian nationals from holding any position in the governing bodies of EU critical infrastructures and entities; - Prohibition to provide storage capacity to Russian nationals and entities in gas storage facilities; - Export bans on critical technology and industrial goods, such as electronics, specialized vehicles, machine parts; - Import bans on bitumen, and related materials such as asphalt, synthetic rubber, and carbon blacks.