On June 21, 2021, the EU and the UK announced coordinated sanctions against certain Belarusian individuals and organizations. This follows the emergency landing of an airliner in Belarus and the subsequent arrest of a Belarusian journalist, suggesting that Britain will continue to direct its sanctions regime towards key allies after Brexit. The sanctions were further coordinated with the USA and Canada.
Designated parties are subject to asset freezes, while individuals are subject to travel bans preventing them from entering or passing through the EU and the UK. Persons and corporations in these jurisdictions are also prohibited from providing funds or economic resources to the designated parties or parties who are owned or controlled by them.
The additional named parties target individuals and businesses with close ties to President Lukashenko, his family and the Belarusian government. This brings the total number of nominated parties in the EU to 181 (166 natural persons and 15 legal persons) and 108 in the UK (99 natural persons and 9 legal persons).
Although sectoral sanctions have not yet been put in place, the EU is reportedly considering introducing them at a scheduled summit on June 24, 2021. These could be broad-based and target Belarusian exports of tobacco, oil and oil-related products and potash. This is on top of measures reportedly agreed by the EU to target the Belarusian financial system, which could include a ban on trading in Belarusian bonds and securities and the provision of financial services to parties in Belarus.