Examples of restrictions in trade in goods with Russia and Belarus
- Topic: restrictions, trade barriers
What are sanctions?
Restrictive measures or 'sanctions' are an essential tool of the EU's Common Foreign and Security Policy (CFSP). Sanctions seek to bring a change in the policy or conduct of those targeted, with a view to promoting the objectives of the CFSP.
What are the objectives when adopting sanctions?
Key objectives when adopting sanctions:
- safeguarding EU's values, fundamental interests, and security
- preserving peace
- consolidating and supporting democracy, the rule of law, human rights and the principles of international law
- preventing conflicts and strengthening international security
Whom do the sanctions target?
Sanctions can target:
- governments of non-EU countries because of their policies
- entities (companies) providing the means to conduct the targeted policies
- groups or organisations such as terrorist groups
- individuals supporting the targeted policies, involved in terrorist activities, etc.
What are examples of restrictions in trade in goods?
Council Regulation (EU) No 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine was amended on 25 February, 2022 (Council Regulation (EU) 2022/328) by an export ban covering:
- goods and technology suited for use in aviation and the space industry and
- prohibition to provide provision of insurance and reinsurance and
- maintenance services in relation to those goods and technology.
- It also prohibits the provision of technical assistance and other related services as well as
- financing and financial assistance in relation to the goods and technology subject to this prohibition.
Council Regulation (EU) No 765/2006 of 18 May 2006 concerning restrictive measures in view of the situation in Belarus was amended on 2 March, 2022 (Council Regulation (EU) 2022/355) by further restrictions related to the trade of goods used for the production or manufacturing of:
- tobacco products,
- mineral products,
- potassium chloride (“potash”) products,
- wood products,
- cement products,
- iron and steel products and
- rubber products.
Where to find more information?
Please refer for more information on EU sanctions here: https://www.consilium.europa.eu/en/policies/sanctions/
- Market: Global EU - European Union