Trade and Manufacturing Monitor
EU Imposes Measure to Remove 7 Russian Banks from SWIFT Network; New RDIF & Currency Restrictions
Today, the European Union imposed a ban on the provision of specialized financial messaging services, including SWIFT interbank messaging network services, to seven Russian banks. The removal goes into effect March 12,…
United Kingdom Imposes Next Round of Trade Restrictions on Russia and Belarus
Yesterday, the United Kingdom expanded export controls on shipments to Russia and imposed new sanctions on Russian and Belarusian parties in response to the ongoing conflict in Ukraine. The latest measures impose a…
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…