Business Bulletin No. 1/2022 – Sanctions

The ongoing war in Ukraine has already led to a number of tragedies – deaths and injuries of both civilians and soldiers on both sides of the conflict, the forced emigration millions of refugees from across Ukraine, and increased geopolitical tensions around the world. It also has a huge impact on relations between Western countries and Russia. In response to Russia’s invasion of Ukraine, the EU, the USA, the UK, as well as many other countries have been adopting unprecedented restrictive measures against Russia, as well as against Russian companies and nationals, unseen since the World War II, aimed at discouraging Russia economically to continue in the war against Ukraine. In this paper, we would like to describe and summarise the EU restrictive measures in force against Russia, whether were adopted before or after the outbreak of the war.

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