EU sanctions－10th sanctions package against Russia 6 March 2023 No.1212 Tweet Download PDF (297KB) On 25 February 2023 the EU adopted its 10th package of sanctions against Russia. The relevant EU Regulations and Council Decisions can be found here but of particular significance for members is Council Regulation (EU) 2023/427 which further amends Regulation (EU) No 833/2014.   Targeted sanctions An additional 87 individuals and 34 entities have been designated to the EU sanctions list. Full details can be found here . This includes:   Alfa-Bank, Rosbank, and Tinkoff Bank, the National Wealth Fund of the Russian Federation, and the Russian National Reinsurance Company; SUN Ship Management (D) Ltd, a Dubai-based ship management company which is part of PAO Sovcomflot (SCF Group), Russia’s largest shipping company; members of the Federation Council of the Russian Federation, senior government officials, military leaders and members of Russia's Wagner mercenary group; companies manufacturing weapons for the Russian armed forces; “proxy authorities” in the non-government controlled areas of Ukraine; and Iranian nationals alleged to be involved in supplying drones to Russia for use in Ukraine.   Trade Sanctions The following measures which are relevant to shipping have been imposed. (All references in brackets relate to EU Regulation 833/2014, as amended).   The list of restricted items that could contribute to Russia’s military and technological enhancement , or the development of its defence and security sector has been extended (as listed in Annex VII of amended Article 2a ), by adding certain electronic components that are being used in Russian weapons systems, specific rare earth materials, electronic integrated circuits and thermal cameras.   Further restrictions have been imposed on imports of goods into the EU which generate significant revenues for Russia (as listed in Part C of Annex XXI of amended Article 3i ) such as bitumen, carbon and