Sanctions contre la Russie : développements récents – 24/02/2022
Le 22 février 2022, le président russe Vladimir Poutine a signé des lois ratifiant les accords avec les républiques populaires de Donetsk et de Louhansk (DNR et LNR), les reconnaissant comme des États indépendants.
Les sanctions ci-dessous ont été adoptées avant que le président Poutine n’annonce une « opération militaire spéciale » en Ukraine le 24 février 2022.
On 22 February 2022 US President Joe Biden addressed the nation elaborating on sanctions that the US will be introducing against Russia. Further to this, the US Treasury imposed the following restrictive measures pursuant to Executive Order (E.O.) 14024¹: – Baltic Leader (IMO: 9220639), a Russian-flagged roll-on roll-off cargo vessel with a gross registered tonnage of 8831; – Linda (IMO: 9256858), a Russian-flagged crude oil tanker with a gross registered tonnage of 61991; – Pegas (IMO: 9256860), a Russian-flagged crude oil tanker with a gross registered tonnage of 61991; – Fesco Magadan (IMO: 9287699), a Russian-flagged container ship with a gross registered tonnage of 7519; and – Fesco Moneron (IMO: 9277412), a Russian-flagged container ship with a gross registered tonnage of 7519. – Denis Aleksandrovich Bortnikov, son of Aleksandr Vasilievich Bortnikov (already sanctioned), Director of the Federal Security Service (FSB) of the Russian Federation and a permanent member of the Security Council of the Russian Federation. – Petr Mikhailovich Fradkov, the Chairman and CEO of Promsvyazbank (PSB). – Vladimir Sergeevich Kiriyenko, son of Sergei Vladilenovich Kiriyenko (already sanctioned), First Deputy Chief of Staff of the Presidential Office. As a result of today’s blocking actions, all property and interests in property of persons mentioned above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. President Biden also stated that the Nord Stream 2 project will not be moving forward³. He also requested that his administration prepared sanctions targeting Nord Stream 2 AG and its executives⁴. On 21 February 2022 President Biden signed Executive Order (E.O.)⁶ imposing sanctions targeting the DNR and LNR. The measures prohibit: The E.O. also provides authority to impose sanctions on persons determined: Simultaneously the Department of Treasury issued six licenses, that, inter alia, allow telecommunications and internet services to remain operational, and mail services to continue in DNR and LNR. On 23 February 2022, Council of the EU adopted a package of measures following Russia’s recognition of DNR and LNR, according to publication made on the Official Journal of the European Union Volume 65 dated 23 February 2022⁷. Particularly, the Council adopted a number of regulations and decisions sanctioning the 351 members of the State Duma who voted in favour of Russia’s recognition of DNR and LNR. The sanctions also target 27 individuals and entities determined to have been destabilising the situation, waging disinformation campaigns, and providing financial support to the DNR and LNR. Those entities include: Restrictive measures include an asset freeze and a prohibition from making funds available to the listed individuals and entities. In addition, a travel ban applicable to the listed persons prevents these from entering or transiting through EU territory. Additionally, sanctions provide for an import ban on goods from DNR and LNR, restrictions on trade and investments related to certain economic sectors, a prohibition to supply tourism services, and an export ban for certain goods and technologies. Moreover, Council of the EU introduced a sectoral prohibition to finance the Russian Federation, its government, and Central Bank. On 22 February 2022 German Chancellor Olaf Scholz announced suspension of the Nord Stream 2 certification. Particularly, the government was requested to withdraw a security-of-supply assessment granted under Angela Merkel’s tenure. This report is required to authorize the pipelin between Russia and Germany. The Chancellor stated that he had commissioned a new assessment into Germany’s energy security. The UK imposed blocking sanctions pursuant to the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) targeting Russian financial entities and individuals, according to the statement made by Prime Minister Boris Johnson and the Financial Sanctions Notice published on the official website of the UK Government⁸. The following banks are subject to sanctions: The following individuals are subject to sanctions: Any assets they hold in the UK will be frozen, the individuals concerned will be banned from travelling to the UK, the UK individuals and entities will be prohibited from having any dealings with such entities and individuals. This is the first tranche of sanctions, according to Boris Johnson. The UK are, however, prepared to deploy further sanctions alongside the United States and the European Union if the situation escalates further. On 23 February 2022, Australian Prime Minister Scott Morrison announced sanctions against Russia. According to Prime Minister, Australia would initially impose travel bans and targeted financial sanctions on eight members of the Security Council of the Russian Federation. The sanctions will also include entities linked to Moscow, as well as Russian banks, transport, energy, telecommunications, oil, gas, and minerals. Australia will also extend the sanctions currently imposed on Crimea to include DNR and LNR. No official document has been made available yet. On 23 February 2022, Japanese Prime Minister Fumio Kishida announced sanctions against Russia. Sanctions include prohibiting the issuance of Russian bonds in Japan and freezing the assets of certain Russian individuals as well as restricting travel to Japan, according to Prime Minister. No official document has been made available yet. On 22 February 2022, Canadian Prime Minister Justin Trudeau announced sanctions against Russia. The first round of economic sanctions will ban Canadians from all financial dealings with the DNR and LNR. The sanctions will also target members of the Russian parliament who voted for the decision to recognize DNR and LNR, as well as ban Canadians from engaging in purchases of Russian sovereign debt. No official document has been made available yet. As of 22 February 2022, Russia has not introduced any new restrictive measures countering US, EU, and UK sanctions, nor was there any movement on already introduced draft laws in this regard. We are following all the developments of such legal initiatives in our monthly sanctions’ updates.
Sanctions targeting Russian banks and sovereign debt
Sanctions targeting DNR and LNR
Sanctions targeting Russian individuals and trade with DNR and LNR
Sanctions targeting Nord Stream 2
Australia
Japan
Canada
We are actively following the developments related to those issues and are fully prepared to advise our clients.
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