Europe-PH News

Russia’s military aggression against Ukraine: fourth EU package of sectoral and individual measures

March 18, 2022

ECCP Online

Europe-PH News

Following up on the informal meeting of the EU heads of state and government on 10-11 March, the Council on 15 March decided to impose a fourth package of economic and individual sanctions in respect of Russia’s military aggression against Ukraine. The Council decided in particular to:

  • prohibit all transactions with certain state-owned enterprises,

  • prohibit the provision of any credit rating services, as well as access to any subscription services in relation to credit rating activities, to any Russian person or entity,

  • expand the list of persons connected to Russia’s defence and industrial base, on whom tighter export restrictions are imposed regarding dual-use goods and goods and technology which might contribute to Russia’s technological enhancement of its defence and security sector,

  • prohibit new investments in the Russian energy sector, as well as a to introduce a comprehensive export restriction on equipment, technology and services for the energy industry,

  • introduce further trade restrictions concerning iron and steel, as well as luxury goods

  • Europe-PH News

  • April 05, 2024

    Unleash Hell in Makati: The Ultimate MMA Festival Showdown at Kombat Sports Kalayaan!

    Get ready to witness the ultimate showdown as Kombat Spo... Read More

  • March 18, 2024

    Milestone Achieved: ECCP Celebrates Restart of EU-Philippines FTA Negotiations

    Manila, Philippines – The European Chamber of Commerce of the Phil... Read More

  • March 14, 2024

    Mazars C-Suite Barometer 2024

    With insights from around 800 executives across 30 countri... Read More