Trade and Manufacturing Monitor
U.S. Announces Additional Round of Russia & Belarus Trade Restrictions; Closes Airspace to Russia (UPDATED)
March 4, 2022 Update: This post was updated after BIS published new export controls on oil and gas equipment and Entity List sanctions on firms related to the Russian defense industry. Today, the United States…
European Union Imposes Export Controls, Sanctions, and Import Prohibitions on Belarus
Today, the European Union imposed sweeping export controls and sanctions on Belarus. The export restrictions follows a similar template to the recent ban imposed against Russia. Namely, the EU measure prohibits trade…
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…
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…