Trade and Manufacturing Monitor
U.S., EU, & Allies Impose Sanctions on Russia’s Central Bank, Targeting Russia’s Foreign Currency Reserves
The United States, European Union, and other G7 members imposed coordinated sanctions on Russia’s Central Bank today in a move that is designed to have a significant and sustained impact on the Russian economy by…
EU Imposes Sanctions on Russian Oligarchs; U.S. Sanctions RDIF
Today, the European Union imposed asset freeze sanctions on a number of prominent Russian oligarchs, two CEOs of Russian energy companies, and a number of Russian government officials. Among the oligarchs targeted are…
European Union Imposes Second Round of Export Controls & Sanctions on Russia
Following similar measures imposed by the United States, the European Union imposed an array of new export controls and sanctions targeting Russia. Regulation (EU) 2022/328 amends Regulation (EU) 833/2014 to ban trade…
EU to impose airspace, media sanctions on Russia; additional sanctions on Belarus
Today, the European Union announced that it would close EU airspace to all Russian-owned, Russian registered, or Russian-controlled aircraft, including private aircraft owned by the Russian elite. The bloc’s move…
Western countries pledge sanctions related to SWIFT & Russia’s Central Bank
Today, the United States, European Union, and allies issued a joint statement pledging additional sanctions on Russia in response to the escalating conflict in Ukraine. While the details remain to be determined, the…