EU adds 65 individuals and 18 Russian entities to asset-freeze list (Council Implementing Regulation (EU) 2022/878)

Mechanism

This is a listing tranche under the EU's Ukraine-territorial-integrity sanctions regime (Regulation (EU) No 269/2014), adopted alongside the sixth EU sanctions package in the days following Russia's invasion of Ukraine. Council Implementing Regulation (EU) 2022/878 amends Annex I of the parent regulation to add 65 individuals and 18 legal entities, triggering the regime's standard mechanism: an EU-wide freeze of all funds and economic resources belonging to, owned, held or controlled by the listed parties, and a prohibition on EU persons/entities making funds or economic resources available to them, directly or indirectly.

The 18 entities cluster into three groups: a defense-industrial-base group directly subordinate to or supplying the Russian Ministry of Defence (JSC Garnizon, JSC Oboronenergo, JSC Voentelecom, JSC Voentorg, Voentekstilprom LLC, Independent Insurance Group); a military-vehicle and tyre-supply chain (OJSC Ulyanovsk Automobile Plant, PJSC KAMAZ, JSC Remdizel, LLC TD KAMA, PJSC Nizhnekamskshina, Nizhnekamsk All-Steel Tyre Plant, Management Company Tatneft-Neftekhim LLC) supplying armored and transport vehicles to Russian forces; and an aerospace/defense-manufacturing group (JSC Sukhoi Company, JSC "121 Aircraft Repair Plant," JSC Kronshtadt Tekhnologii — a UAV developer, OJSC Balashikha Casting and Mechanical Plant). The National Settlement Depository (NSD), Russia's central securities depository, is the outlier of the tranche — a piece of core financial-market infrastructure rather than a defense supplier, listed for enabling the broader Russian financial system to continue operating under sanctions.

Downstream implications

• The NSD listing is the most consequential entry for financial

counterparties: as Russia's central securities depository, it settles domestic securities transactions, and an EU asset freeze on it raises the compliance bar for any EU-connected custodian or clearing relationship still touching Russian securities.

• The tyre/vehicle cluster (KAMAZ, Nizhnekamskshina, UAZ) flags civilian-use

manufacturers with direct military supply lines — a pattern recurring across later EU tranches in this register (see western-russia-sanctions theme).

Open questions

• Whether the NSD listing produced observable disruption to Russian

domestic securities settlement, given non-EU counterparties are unbound.

• Whether any of the 65 individually-listed persons overlap with entities

filed separately elsewhere in this register.