Ukraine conflict—European Council reports EU agreement with sectoral measures targeting Belarus

Article summary

The Council of the EU has reported that the EU has agreed new sectoral measures targeting Belarus and Russia. The measures will restrict provision of specialised financial messaging services to Belagroprombank, Bank Dabrabyt and the Development Bank of the Republic of Belarus and prohibit transactions with the Central Bank of Belarus related to reserves or assets, and the provision of public financing for trade with and investment in Belarus. Further restrictive measures about the export of maritime, navigation goods and radio communication technology to Russia have been imposed and the Council clarified the notion of ‘transferable securities’ so as to clearly include crypto-assets.