The European Commission estimated trade sanctions against Russia at 12.7 billion euros

The European Commission has estimated the sanctions imposed against RUSSIA under the tenth package at €12.7 billion, of which €1.3 billion is for Russian imports. But there are quotas for the supply of carbon and rubber,

The tenth package of sanctions covers exports of goods to Russia worth €11.4 billion (for 2021) and imports from Russia worth €1.3 billion, the European Commission said. Rare earth metals, additional electronic components used in Russian weapons systems, as well as forklifts, construction cranes, bulldozers, metal and stone processing machines, power generators, transformers, LED lamps, snowmobiles, turbojet engines, etc. fell under the EXPORT embargo. Earlier, the United States banned the export of these same goods to Russia .

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EU import restrictions include Russian paraffin, petroleum coke, natural bitumen and asphalt, bituminous mixtures, carbon and synthetic rubber. These goods can be delivered to EU countries until May 27, 2023 under contracts concluded before February 26, except for carbon and synthetic rubber, for which import quotas have been issued until mid-2024. Quotas make it possible to import 752.5 thousand tons of carbon and 563 thousand tons of synthetic rubber during this period, which, on a monthly basis, significantly exceeds the average monthly import of these Russian products into the EU in 2022.

Most carbon black from Russia is purchased by Poland, Germany and Hungary, synthetic rubber - by Poland, Romania, Hungary, follows from Eurostat data. As reported by Politico, Italy, with its leading tire manufacturer Pirelli (both carbon black and synthetic rubber are most often used in tire production), lobbied for such high import quotas for synthetic rubber from Russia.

Blocking EU sanctions (freezing assets and a ban on transactions with European companies and individuals) included the National Welfare Fund (NWF), Tinkoff Bank, Rosbank, Alfa-Bank, a number of enterprises of the military-industrial complex, the Russian National Reinsurance Company (RNRC , according to the EU, reinsured oil cargoes under the Russian flag), Commercial Vehicles - GAZ Group, Khrunichev Space Center, Dubai-based SUN Ship Management (D) Ltd. The European Union calls it part of Sovcomflot and claims that the Dubai structure operates a fleet of nearly 100 oil tankers, gas carriers and chemical carriers. The company on its website calls itself an international maritime company owned by citizens of the UAE and Russia.

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The EU has banned Russian citizens and companies from booking European natural gas storage facilities (with the exception of LNG), citing Russia's practice of using gas as a "weapon". The transit of dual-use goods through the territory of Russia to third countries is prohibited.

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Also, the European Union, in order to “uniformly apply” the ban on transactions with assets and reserves of the Bank of Russia, obliged European citizens and EU companies to provide information about the assets and reserves of the Russian Central Bank that they hold or for which they are counterparties in transactions.