PL: Sankcje Handlowe | DE: Handelssanktionen
Definition
Trade sanctions are restrictive measures imposed by the EU on states, entities, or persons under the Common Foreign and Security Policy. They serve as foreign policy tools for responding to international law violations, combating terrorism, countering WMD proliferation, and protecting human rights.
Types of EU trade sanctions: sectoral — affecting entire economic sectors of a country (e.g., bans on oil, steel, diamond imports from Russia), targeted — directed against specific persons or entities (asset freezes, travel bans), and export restrictions — prohibiting export of specific technologies, dual-use goods, and financial services.
EU sanctions are published as Council regulations and are directly applicable in all Member States. Every entity participating in foreign trade must verify that its counterparties and goods are not subject to sanctions.
Types of EU trade sanctions: sectoral — affecting entire economic sectors of a country (e.g., bans on oil, steel, diamond imports from Russia), targeted — directed against specific persons or entities (asset freezes, travel bans), and export restrictions — prohibiting export of specific technologies, dual-use goods, and financial services.
EU sanctions are published as Council regulations and are directly applicable in all Member States. Every entity participating in foreign trade must verify that its counterparties and goods are not subject to sanctions.