Council Regulation (EU) 2023/2878 of 18.12.2023 amending Regulation (EU) No 833/2014 concerning restrictive measures against Russia

The EU member states have once again tightened sanctions against Russia with effect from December 19, 2023. At the heart of the new sanctions package are new import and export bans, such as the ban on exporting Russian diamonds to Europe. In addition, the use of tankers to circumvent the oil price cap will be monitored more closely. This will allow the cap to be enforced more strictly.

The obligations in connection with the tracing of assets will be tightened and measures will be taken against companies from third countries that circumvent sanctions. Finally, the sanctions list will be expanded and the assets of over 140 additional natural and legal persons will be frozen.

The focal points of the 12th sanctions package are