Thursday’s approval by the European Union of a fifth round sanctions against Russia was Thursday. This is in addition other economic restrictions and sanctions that have been voted since the beginning of the conflict in Ukraine.
Exclusion of Russian banks from the international system, economic embargo, freezing of the assets of Russian leaders… Since the recognition by the Kremlin of the separatist territories in eastern Ukraine on February 21 and the start of the Russian invasion on February 24, the European Union has adopted five sets of sanctions.
These sanctions, which are in addition to individual decisions taken by the member countries of the EU, aim to ” very bad for Russia”Josep Borrell is the head of EU Diplomacy.
As part of a fifth round against Moscow, the Twenty-Seven representatives decided to embargo Russian coal and shut down European ports.
This package “very substantial”The legislation also allows for the imposition of new sanctions on Russian banks and a ban to Russia exports, particularly high-tech products, up to 10 million euros. The proposal was made by the Commission following the discovery last weekend of dozens of bodies of civilians in Boutcha near Kiev.
The European Union sanctioned Russian oligarchs on March 15th (15 people and 9 entities), including Roman Abramovich (billionaire owner of Chelsea football club), The fourth package prohibits the import of “essential goods for the iron and steel industry” Luxury, but also.
It also prohibits transactions with certain public entities, the provision of credit rating services to Russian persons or entities, and the making of new investments in Russia’s energy sector.
A third package of sanctions was issued on February 28. It included 26 people and an additional entity. This list of targeted actions notably allowed for the banning and restriction of access to EU airports and airspace. Russian airlines. These new measures also prohibit transactions from the Russian Central Bank.
The EU amended this section by adding the exclusion from Swift system seven Russian banks. This allows them to be removed from the international financial systems. The Europeans also ban future investments in projects co-financed Russian sovereign wealth fund Russian Direct Investment Fund. They also prohibit selling, supplying and transferring banknotes in euros to Russia, or any natural or legal entity or person in Russia.
The last part of this sanctions package is the suspension of broadcasting activities within the EU of media Sputnik or Russia Today. “Limit their disinformation and manipulations of information”According to the Council of the European Union.
On February 25, the second round of sanctions was approved. This included the freezing assets of Sergei Lavrov and Vladimir Putin.
Europeans also decided to ban Russian service passport holders from being able to travel in the EU without visas. The economic sanctions include the transport, technology, and financial sectors.
After the Kremlin recognised separatist territories in eastern Ukraine, the Kremlin instituted the first package of sanctions. It includes the imposition of asset freezes and visa prohibitions for the 351 Russian Deputies to the Duma that approved the recognition of independence of the separatist territory.