Emergency Contact EU adopts 8th sanctions package against Russia Home Latest updates News EU adopts 8th sanctions package against Russia 10 Oct 2022 Download Sign up for alerts UPDATE – 20 October 2022: The EU Commission has updated its Russia sanctions FAQs on state-owned enterprises following the imposition of a transaction ban on the Russian Maritime Registry of Shipping. Last update: 20 October 2022 The EU adopted an eighth package of sanctions on 6 October 2022 in response to Russia’s continued military aggression against Ukraine. A number of Regulations and Decisions were published (full details of which can be found here ) but of particular significance for Clubs and their Members is Council Regulation (EU) 2022/1904  (“the Regulation”) which further amends Council Regulation 2014/833. As well as imposing an asset freeze on a number of new individuals and entities, the Regulation contains the following provisions of particular relevance to shipping: Russian Maritime Register of Shipping The Russian Maritime Register of Shipping has been added to the list of Russian state-owned entities as listed in Annex XIX of the Regulation and subject to the restrictions under Article 5aa. EU entities are consequently prohibited from directly or indirectly engaging in any transaction with the Russian Maritime Register of Shipping, but there is a wind-down period until 8 January 2023 to allow for the execution of any contracts entered into before 7 October 2022 or any ancillary contracts necessary for the execution of those contracts. Furthermore, vessels certified by the Russian Maritime Register of Shipping cannot call at EU ports after 8 April 2023 in accordance with Article 3ea. The EU Commission has updated its Russia sanctions FAQs on state-owned enterprises following the imposition of a transaction ban on the Russian Maritime Registry of Shipping. Iron and Steel Products The list of iron and steel products as set out in Annex XVII where transport to any country,