The 20th EU sanctions package against Russia and what it means for your compliance
With the 20th sanctions package against Russia, the European Union has adopted one of the most comprehensive sets of measures to date. The new regulations not only include additional listings of individuals and companies but, above all, tighten requirements for trade, financial transactions, services, and the fight against sanctions evasion.
For companies, one thing is clear: sanctions are no longer a marginal issue - they are a permanent, operational risk factor.
What changes with the 20th sanctions package
More listings, more due diligence requirements
Over 100 new individuals and organizations have been listed, including entities in the energy, defense, logistics, and financial sectors. Of particular relevance is the increased focus on companies in third countries.
Consistent action against sanctions evasion
A key focus is on measures against the Russian shadow fleet as well as new transport and service bans.
Stricter rules for services and IT
Additional export, import, and service bans also apply to software and IT-related business processes.
New financial and crypto sanctions
Transaction bans have been expanded and supplemented with sectoral bans on Russian crypto service providers.
How Mercoline supports you
Mercoline offers SAP add-ons that precisely address this issue: Automated sanctions and trade compliance management in the M.SecureTrade Suite helps you efficiently, transparently, and fully automatically account for constantly changing regulations without additional effort:
- Automated sanctions list screening
- Regular updates directly in the SAP system
- Identification of indirect risks
- Audit-proof documentation
- Seamless integration into existing business processes
Talk to our experts and learn how to implement the 20th EU sanctions package securely, efficiently, and with SAP integration.
Request a demo or schedule a consultation now.