The European Union has adopted, on June 3rd, 2022, its sixth package of restrictive measures against Russia and Belarus. The latter contains the following elements:

• A complete import ban on an all Russian seaborne crude oil and petroleum products;
• After a wind down period of 6 months, a prohibition for EU operators from insuring and financing the transport, in particular through maritime routes, of Russian oil to third countries;
• A removal of three new Russian banks from the SWIFT system (including the country’s biggest one Sberbank);
• A broadcasting suspension for three Russian State outlets;
• The prohibition of the provision of certain business-relevant services – directly or indirectly – such as accounting, tax or business and management consulting services, and public relations services to the Russian government, as well as to Russian entities;
• New restrictions regarding the export of chemicals that could be used in the process of manufacture of chemical weapons.

More information on the sixth package of sanctions : https://media-exp2.licdn.com/dms/document/C4E1FAQHVDmC8F-snww/feedshare-document-pdf-analyzed/0/1654434543608?e=1655337600&v=beta&t=YyBbHFmhT4rOXzsqU-Pwawzkcg5RdmD_CLmshzAnofY

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