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MNI BRIEF: EU Bans Russian Gold Imports, Sberbank Transactions

(MNI) Brussels

The EU has tweaked its sanctions against Russia, announcing a “wide and all-encompassing” ban on the import of Russian gold and on all transactions with Sberbank, Russia’s largest bank.

EU officials said that the sanctions changes are a refinement of existing measures, designed to align its existing sanctions with its G7 commitments and to close any loopholes.

The package also introduces a self-reporting obligation for listed people to report their assets in the EU, otherwise face the possibility of criminal charges and confiscations of their assets. Sberbank was already subject a SWIFT ban and has been given time to wind down its subsidiaries in EU countries.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Private sectorTradePolicy NewsFiscalCEEMEABriefPolitical RiskStoryRegion
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Private sectorTradePolicy NewsFiscalCEEMEABriefPolitical RiskStoryRegion

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