Western sanctions against Russia on the first anniversary of the Ukraine invasion

Summary:

On 25 February 2023, the European Union (EU) adopted its tenth package of sanctions against Russia (and Iran). At the same time, the non-EU G7 countries and Australia also expanded sanctions on Russia. Similarly to the EU, they largely focused on further restrictions on the supply of goods that can be used by Russia’s arms industry and its military, and on the fight against the circumvention of sanctions. They also increased the number of entities subject to individual restrictions.

The package of sanctions announced by the United States on 24 February included the imposition of restrictions on more than 30 non-Russian entities that had been helping circumvent the existing sanctions and the announcement that tariffs on aluminium imported from Russia would increase by 200% from 10 March.