EU Export Credit Sanctions on Russia

On 3 June 2022 the EU adopted its sixth package of sanctions against Russia and Belarus. These prohibit the purchase, import or transfer of crude oil and certain petroleum products from Russia into the EU, as well as insuring and financing the transport, in particular through maritime routes, of Russian oil to third countries. Prohibitions include import or export advances and all types of insurance and reinsurance, including export credit insurance.

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