By Maya Lester KC & Michael O’Kane

Sanctions Profile: Russia

At a glance

EU sanctions on Russia were introduced in 2014 in response to Russia’s involvement in the Ukraine crisis, during which Russia annexed the Crimea region of Ukraine. They were introduced in three phases, each one intending to increase the pressure on Russia until it fully implemented the terms of the Minsk peace agreements.

In 2022, further sectoral and targeted sanctions against Russia were adopted in response to Russia’s aggression against Ukraine, including the recognition of the so-called People’s Republics of Donetsk (DNR) and Luhansk (LNR), the following invasion of Ukraine and the annexation of Ukraine’s Donetsk, Luhansk, Zaporizhzhia and Kherson regions.

The UK adopted The Russia (Sanctions) (EU Exit) Regulations 2019 in January 2021 (at the end of the Brexit transition period) to encourage Russia to cease actions which destabilise Ukraine, including actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. In February and March 2022, the UK adopted numerous amendments to the Regulations in response to Russia’s aggression against Ukraine. The legislative instruments are listed on this page.

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EU discusses plan to use profits from frozen Russian assets to help Ukraine

According to the Financial Times, officials from member states and the European Commission met on Wednesday 24 May to explore the possibility of using interest generated by Russian assets held at Belgium-based Euroclear, the world’s largest settlement house, to aid Ukraine. Sanctions have frozen €196.6bn in Russian assets at Euroclear, according to the Belgian government, of which €180bn are Russian …


US licences sale of $120m superyacht by Antigua and Barbuda

On Thursday 18 May, the Prime Minister of Antigua and Barbuda announced that OFAC lifted sanctions on the Alfa Nero, allowing the government to sell the vessel. The yacht was blocked on 2 August 2022 when its alleged owner, Andrey Guryev, former head of PhosAgro, was sanctioned by the US Treasury (press release, notice, previous post).


New UK guidance on trade sanctions circumvention

The UK Department for Business and Trade has published guidance saying traders should consider the risks of Russia seeking to avoid trade sanctions as part of their due diligence. The guidance includes key risk indicators (relating to customer, product and jurisdiction) and a procurement cycle illustrating the different stages and types of entities likely to be used to acquire goods …


OFSI issues new general licence covering prior obligations

On 22 May 2023, OFSI issued General Licence INT/2023/3024200, “Prior Obligations” (notice, guidance), permitting a UK person who is owed funds or economic resources by a designated person (DP) under the Russia or Belarus regimes, under a contract that was signed before the DP in question was designated, to receive payment, provided that: the contractual obligation was signed before the …

RussiaRussia BelarusBelarus

OFAC issues new general licences and delists 2 people

OFAC has issued 4 new general licences: General License 13E, authorising S. persons to pay taxes, fees, or import duties, and purchase licenses for this purpose; General License 66, authorizing the wind down of transactions involving Polyus PJSC; General License 67, authorising the divestment or transfer of debt or equity of Polyus PJSC; and General License 68, authorizing the wind …


Current Sanctions


Consolidated - Sectoral Sanctions

Council Regulation (EU) 833/2014

Parent Regulation - Sectoral Sanctions

Council Regulation (EU) 833/2014

Amended by:

Council Regulation (EU) 960/2014

Council Regulation (EU) 1290/2014

Council Regulation (EU) 2015/1797

Council Regulation (EU) 2017/2212

Council Regulation (EU) 2022/262

Council Regulation (EU) 2022/328

Council Regulation (EU) 2022/334

Council Regulation (EU) 2022/345

Council Regulation (EU) 2022/350

Council Regulation (EU) 2022/428

Council Regulation (EU) 2022/576

Council Regulation (EU) 2022/879

Council Implementing Regulation (EU) 2022/994

Council Regulation (EU) 2022/1269

Council Regulation (EU) 2022/1904

Council Regulation (EU) 2022/2367

Commission Implementing Regulation (EU) 2022/2368

Council Regulation (EU) 2023/250

Commission Implementing Regulation (EU) 2023/251

Council Regulation (EU) 2023/427

Consolidated - Sectoral Sanctions

Council Decision 2014/512/CFSP

Parent Decision - Sectoral Sanctions

Council Decision 2014/512/CFSP

Amended by:

Council Decision 2014/659/CFSP

Council Decision 2014/872/CFSP

Council Decision (CFSP) 2015/971

Council Decision (CFSP) 2015/1764

Council Decision (CFSP) 2015/2431

Council Decision (CFSP) 2016/1071

Council Decision (CFSP) 2016/2315

Council Decision (CFSP) 2017/1148

Council Decision (CFSP) 2017/2214

Council Decision (CFSP) 2017/2426

Council Decision (CFSP) 2018/964

Council Decision (CFSP) 2018/2078

Council Decision (CFSP) 2019/1108

Council Decision (CFSP) 2020/907

Council Decision (CFSP) 2020/2143

Council Decision (CFSP) 2021/448

Council Decision (CFSP) 2021/1144

Council Decision (CFSP) 2022/52

Council Decision (CFSP) 2022/264

Council Decision (CFSP) 2022/327

Council Decision (CFSP) 2022/335

Council Decision (CFSP) 2022/346

Council Decision (CFSP) 2022/351

Council Decision (CFSP) 2022/430

Council Decision (CFSP) 2022/578

Council Decision (CFSP) 2022/884

Council Decision (CFSP) 2022/995

Council Decision (CFSP) 2022/1271

Council Decision (CFSP) 2022/1313

Council Decision (CFSP) 2022/1909

Council Decision (CFSP) 2022/2369

Council Decision (CFSP) 2023/252

Council Decision (CFSP) 2023/434

Consolidated - Ukraine Territorial Integrity

Council Regulation (EU) No 269/2014

Parent Regulation - Ukraine Territorial Integrity

Council Regulation (EU) 269/2014

Amended by:

Council Implementing Regulation (EU) 284/2014

Council Implementing Regulation (EU) 433/2014

Council Regulation (EU) 476/2014

Council Implementing Regulation (EU) 477/2014

Council Implementing Regulation (EU) 577/2014

Council Implementing Regulation (EU) 753/2014

Council Regulation (EU) 783/2014

Council Implementing Regulation (EU) 810/2014

Council Regulation (EU) 811/2014

Council Implementing Regulation (EU) 826/2014

Council Regulation (EU) 959/2014

Council Implementing Regulation (EU) 961/2014

Council Implementing Regulation (EU) 1225/2014

Council Implementing Regulation (EU) 1270/2014

Council Implementing Regulation (EU) 2015/240

Council Implementing Regulation (EU) 2015/427

Council Implementing Regulation (EU) 2015/1514

Council Implementing Regulation (EU) 2016/353

Council Implementing Regulation (EU) 2016/1661

Council Implementing Regulation (EU) 2016/1955

Council Implementing Regulation (EU) 2017/437

Council Implementing Regulation (EU) 2017/1374

Council Implementing Regulation (EU) 2017/1417

Council Regulation (EU) 2017/1547

Council Implementing Regulation (EU) 2017/1549

Council Implementing Regulation (EU) 2017/2153

Council Implementing Regulation (EU) 2018/388

Council Implementing Regulation (EU) 2018/705

Council Implementing Regulation (EU) 2018/1072

Council Implementing Regulation (EU) 2018/1230

Council Implementing Regulation (EU) 2018/1929

Council Implementing Regulation (EU) 2019/92

Council Implementing Regulation (EU) 2019/352

Council Implementing Regulation (EU) 2019/1403

Council Implementing Regulation (EU) 2020/119

Council Implementing Regulation (EU) 2020/1267

Council Implementing Regulation (EU) 2020/1367

Council Implementing Regulation (EU) 2021/446

Council Implementing Regulation (EU) 2021/1791

Council Implementing Regulation (EU) 2021/2193

Council Implementing Regulation (EU) 2022/236

Council Implementing Regulation (EU) 2022/260

Council Regulation (EU) 2022/259

Council Implementing Regulation (EU) 2022/261

Council Regulation (EU) 2022/330

Council Implementing Regulation (EU) 2022/332

Council Implementing Regulation (EU) 2022/336

Council Implementing Regulation (EU) 2022/353

Council Implementing Regulation (EU) 2022/396

Council Implementing Regulation (EU) 2022/408

Council Implementing Regulation (EU) 2022/427

Council Regulation (EU) 2022/580

Council Implementing Regulation (EU) 2022/581

Council Regulation (EU) 2022/625

Council Implementing Regulation (EU) 2022/658

Council Implementing Regulation (EU) 2022/878

Council Regulation (EU) 2022/880

Council Implementing Regulation (EU) 2022/1270

Council Regulation (EU) 2022/1273

Council Implementing Regulation (EU) 2022/1274

Council Implementing Regulation (EU) 2022/1354

Council Implementing Regulation (EU) 2022/1446

Council Regulation (EU) 2022/1905

Council Implementing Regulation (EU) 2022/1906

Council Implementing Regulation (EU) 2022/1985

Council Implementing Regulation (EU) 2023/253

Council Regulation (EU) 2023/426

Council Implementing Regulation (EU) 2023/429

Council Implementing Regulation (EU) 2023/571

Consolidated - Ukraine Territorial Integrity

Council Decision 2014/145/CFSP

Parent Decison - Ukraine Territorial Integrity

Council Decision 2014/145/CFSP

Amended by:

Council Implementing Decision 2014/151/CFSP

Council Implementing Decision 2014/238/CFSP

Council Decision 2014/265/CFSP

Council Decision 2014/308/CFSP

Council Decision 2014/455/CFSP

Council Decision 2014/475/CFSP

Council Decision 2014/499/CFSP

Council Decision 2014/508/CFSP

Council Decision 2014/658/CFSP

Council Decision 2014/801/CFSP

Council Decision 2014/855/CFSP

Council Decision (CFSP) 2015/241

Council Decision (CFSP) 2015/432

Council Decision (CFSP) 2015/1524

Council Decision (CFSP) 2016/359

Council Decision (CFSP) 2016/1671

Council Decision (CFSP) 2016/1961

Council Decision (CFSP) 2017/445

Council Decision (CFSP) 2017/1386

Council Decision (CFSP) 2017/1418

Council Decision (CFSP) 2017/1561

Council Decision (CFSP) 2017/2163

Council Decision (CFSP) 2018/392

Council Decision (CFSP) 2018/706

Council Decision (CFSP) 2018/1085

Council Decision (CFSP) 2018/1237

Council Decision (CFSP) 2018/1930

Council Decision (CFSP) 2019/95

Council Decision (CFSP) 2019/354

Council Decision (CFSP) 2019/1405

Council Decision (CFSP) 2020/120

Council Decision (CFSP) 2020/1269

Council Decision (CFSP) 2020/1368

Council Decision (CFSP) 2021/1470

Council Decision (CFSP) 2021/1792

Council Decision (CFSP) 2021/2196

Council Decision (CFSP) 2022/241

Council Decision (CFSP) 2022/265

Council Decision (CFSP) 2022/267

Council Decision (CFSP) 2022/329

Council Decision (CFSP) 2022/331

Council Decision (CFSP) 2022/337

Council Decision (CFSP) 2022/354

Council Decision (CFSP) 2022/397

Council Decision (CFSP) 2022/411

Council Decision (CFSP) 2022/429

Council Decision (CFSP) 2022/582

Council Decision (CFSP) 2022/627

Council Decision (CFSP) 2022/660

Council Decision (CFSP) 2022/883

Council Decision (CFSP) 2022/885

Council Decision (CFSP) 2022/1272

Council Decision (CFSP) 2022/1276

Council Decision (CFSP) 2022/1355

Council Decision (CFSP) 2022/1447

Council Decision (CFSP) 2022/1907

Council Decision (CFSP) 2022/1986

Council Decision (CFSP) 2023/261

Council Decision (CFSP) 2023/432

Council Decision (CFSP) 2023/572

Consolidated - Crimea & Sevastopol

Council Regulation (EU) 692/2014

Parent Regulation - Crimea & Sevastopol

Council Regulation (EU) 692/2014

Amended by:

Council Regulation (EU) 825/2014

Council Regulation (EU) 1351/2014

Council Regulation (EU) 2022/1848

Consolidated - Crimea & Sevastopol

Council Decision 2014/386/CFSP

Parent Decision - Crimea & Sevastopol

Council Decision 2014/386/CFSP

Amended by:

Council Decision 2014/507/CFSP

Council Decision 2014/933/CFSP

Council Decision (CFSP) 2015/959

Council Decision (CFSP) 2016/982

Council Decision (CFSP) 2017/1087

Council Decision (CFSP) 2018/880

Council Decision (CFSP) 2019/1018

Council Decision (CFSP) 2020/850

Council Decision (CFSP) 2021/1010

Council Decision (CFSP) 2022/962

Consolidated - Donetsk & Luhansk

Council Regulation (EU) 2022/263

Parent Regulation - Donetsk & Luhansk

Council Regulation (EU) 2022/263

Amended by:

Council Regulation (EU) 2022/1903

Council Regulation (EU) 2022/626

Consolidated - Donetsk & Luhansk

Council Decision (CFSP) 2022/266

Parent Decision - Donetsk & Luhansk

Council Decision (CFSP) 2022/266

Amended by:

Council Decision (CFSP) 2022/628

Council Decision (CFSP) 2022/1908

Council Decision (CFSP) 2023/388

Visa restrictions

Council Decision (EU) 2022/333

Consolidated Regulation

Russia (Sanctions) (EU Exit) Regulations 2019

Parent Regulation

Russia (Sanctions) (EU Exit) Regulations 2019

Export Control (Amendment) (No. 2) Order 2019

The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 6) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 9) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 10) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 12) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 13) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022

Consolidated Regulation

The Russia (Sanctions) (Overseas Territories) Order 2020

Parent Regulation

The Russia (Sanctions) (Overseas Territories) Order 2020

Amended by:

The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2021

The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2022

The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2022

The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 3) Order 2022

The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 4) Order 2022

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