| Ancillary services | Services related to tangible goods, such as warranties, servicing, brokering and technical assistance |
| Arms embargo | Prohibition on the supply, sale or transfer of arms and related materiel and services |
| Breach | A failure to comply with sanctions laws and regulations |
| Circumvention | Unlawful action taken to avoid complying with sanctions |
| Common High Priority List | A list of prohibited items used in, or for production of, Russian military systems found on the battlefield in Ukraine |
| Dual-use goods | Goods, software and technology that can be used for both civilian and military applications |
| Economic resources | All assets which are not funds but may be used to obtain funds, goods or services |
| Economically Critical Goods List | A list of goods subject to sanctions, for which anomalous trade flows via certain third countries to Russia have been detected |
| Exceptions | Activities that would otherwise be prohibited by sanctions, but are either automatically exempted by regulation or can be authorised by an NCA |
| Freezing | Preventing the movement, transfer or alteration of funds, or preventing the use of economic resources to obtain funds |
| Funds | Financial assets and benefits of every kind, inc. cash, cheques, dividends, bills of lading, etc. |
| Goods | Tangible items, materials and equipment (in general) |
| Listed person | An individual, entity or body listed as subject to EU financial sanctions |
| Military Goods | Products and technologies specially designed for military use |
| National Competent Authority (NCA) | Member State bodies responsible for the implementation and enforcement of EU sanctions |
| Oil price cap | Price limits imposed by the G7 on Russian seaborne oil and oil products designed to reduce Russia's revenues |
| Red flag | Indicators that a transaction might be the result of an attempt to circumvent sanctions |
| Risk assessment | A formal review of an organisation's potential vulnerabilities to sanctions risk exposure |
| Sanctions | Restrictive measures to prevent conflict or respond to current or emerging crises |
| Sanctions due diligence | The process of identifying, preventing, and managing potential sanctions risks in your business |
| Services | An activity, which is essentially intangible and does not result in the ownership of anything, for example accountancy, consulting, etc. |
| SME | Micro, small and medium-sized enterprises |
| Strategic goods | Military goods (e.g. firearms) and dual-use goods |
| Transit | A transport of goods from or to the EU, entering and passing through the customs territory of a third country (i.e. outside the EU) with a destination in a different country. For example, railway deliveries between the EU and China transit through Russia |
