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European Union Adopts 16th Package of Russia Sanctions, February 24, 2025
On February 24, 2025, the Council of the European Union adopted the 16th package of EU restrictive measures against Russia. The package includes additional restrictions on Russia’s energy, trade, finance, and other economic sectors and measures to prevent circumvention of the sanctions. SECURUS examines changes in asset freezes, prohibited activities, affected goods, and other key elements.
Recent Developments
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Feb 2025: EU Adopts 16th Package of Russia Restrictive Measures
On February 24, 2025, the EU adopted the 16th package of restrictive measures against Russia. It includes additional restrictions on Russia’s energy, trade, finance, and other economic sectors and measures to prevent circumvention of the sanctions.
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Feb 2025: U.S. Aluminum and Steel Tariffs and Reciprocal Trade and Tariffs Plan
On February 10, 2025, the U.S. imposed a 25% additional duty on aluminum and steel imports. On February 13, the administration announced a plan that could lead to reciprocal tariffs on imports from U.S. trading partners.
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Feb 2025: U.S. Tariffs on Imports from China and China Retaliatory Responses
On February 4, 2025, the U.S. imposed a 10% additional duty on imports of most PRC products. PRC responses included tariffs on imports of some U.S. products and new restrictions on critical metal exports.
