Trade-wise Sanctions from the EU to Russia Aftermath the Ukrainian War

Following the Ukrainian war, EU had demonstrated its resistance to Russian aggression in a variety of ways. What are the trade-wise ones?


Following the Ukrainian war, European integration demonstrated its resistance to Russian aggression in a variety of ways. One of the most crucial was the replacement plans for Russian gas imports. This has become more important because the EU depends heavily on energy in its commercial connections with Russia. However, six censure packages have been set out by the European Council since February.


Not solely as an outcome of the war, the European Union will ban oil imports from the country that will arrive by sea this year. However, we should emphasize that the Union is not committing to unrealistic goals by committing to this commitment: oil imports via pipeline will continue to be handled as a 'temporary measure' because such countries in the EU rely on it. Those countries are Hungary and Slovakia. However, reducing Russian gas imports is a clear goal, and the EU has agreed to cut them by two-thirds.


A Chart on EU's dependency on Russian Oil, Source: Cambridge Econometrics 2016


Furthermore, imports from the country for resources such as coal are being prohibited. Although the embargo on oil imports has some exceptions, there are none in any other sanctions proposed by the EU. Moreover, not only are existing dependencies prohibited; but the EU also prevents Russia from making new investments in the energy industry. 


Essentially, import and export restrictions on the country were imposed in order to maximize the negative impact on the Russian economy. Sanctioned products, which include technology, transportation, oil refining, energy, aviation, maritime, dual-use commodities, and luxury goods, can no longer be exported to Russia. As a result, even seafood and booze cannot be imported into the EU.


Along with trade restrictions relating to exports and imports, the EU imposes other sanctions on the country that will have a significant influence on the country's trade power. Russian state-owned broadcasters' operations were halted in 2022. Sputnik, Russia Today, and Rossiya RTR are among those we include. Through suspension, the EU both stops the Russian government and its agents from influencing information, particularly about the Russo-Ukrainian war, and combats disinformation, which the EU has identified as one of our worldwide concerns in the twenty-first century.


To conclude, the sanctions show that the global globe is today divided into two power polarities: soft vs. hard. Scholars have long debated whether it is a more sustainable kind of international power. It was almost assumed that the fierce battles were finished until the brutal war in Ukraine erupted. However, as Russia continues to launch missiles into the region, killing civilians, we will see what the EU achieves through nonviolent measures, which will undoubtedly have a slower impact on Ukraine than Russia's.