Economy

EU agreed on 12th package of sanctions against Russia

Top European Union diplomat Josep Borrell and the European Commission presented a proposal to member states for the twelfth package of sanctions against Russia.

In line with the decision by the October European Council to further weaken Russia’s ability to continue its aggression against Ukraine, the High Representative, together with the Commission, submitted last night to the Council a proposal for the 12th package of sanctions, the statement says.

The proposal provides for the introduction of sanctions against more than 120 individuals and legal entities for their role in undermining Ukraine’s sovereignty and territorial integrity. These are representatives of the military, defense, and IT sectors of the Russian Federation, as well as “other important economic operators.”

A separate mention is made of the need to punish those involved in phony elections in the occupied territories of Ukraine, those responsible for the forced “re-education” of Ukrainian children, and those involved in the spread of disinformation and propaganda by the Russian Federation.

The European Commission also proposes introducing new import and export bans and measures aimed at strengthening the oil price ceiling and counteracting the evasion of EU sanctions.

Earlier, Bloomberg wrote that the proposals of the 12th EU sanctions package include restrictions on trade in goods worth about 5 billion euros, including a ban on exporting machine tools and engine parts used by Russia to produce weapons used in the war against Ukraine.

The publication says this measure is listed in the 12th EU sanctions package, including a ban on diamond exports and efforts to strengthen control over compliance with the Russian oil price ceiling.

According to the agency, the EU proposes adding chemicals, lithium batteries, thermostats, engines, and servo motors for drones to the list of restricted goods.

Discussions on new sanctions moved forward after the Group of Seven foreign ministers gave the green light to impose restrictions on diamonds of Russian origin at a meeting in Japan.

Mike

Media analyst and journalist. Fully committed to insightful, analytical, investigative journalism and debunking disinformation. My goal is to produce analytical articles on Ukraine, and Europe, based on trustworthy sources.

Recent Posts

“We Were Left No Choice”: How Putin Borrowed Hitler’s Propaganda Script

Eight decades apart, Hitler and Putin built their case for war on near-identical foundations —…

3 days ago

Russia’s Mercenary Machine: European Parliament Calls Out Moscow’s Recruitment of African Fighters

The European Parliament has formally condemned Russia's systematic use of deceptive recruitment to send thousands…

3 days ago

Eight EU States Call for Schengen Ban on Former Russian Combatants

Eight European Union member states have urged Brussels to block former Russian military personnel from…

3 days ago

Bulgaria at Crossroads: How April Elections Could Open Door to Pro-Russian Revanche

Bulgaria goes to the polls for the eighth time in five years — and this…

4 days ago

Kremlin Endorses Covert Plan to Keep Orbán in Power Before Hungary’s April Vote

With Hungary's April 12 vote weeks away, Moscow has quietly mobilised its election interference machinery…

5 days ago

EU Threatens Venice Biennale Funding as 22 Countries Call to Block Russia’s Return

Russia's return to the world's most prestigious art exhibition for the first time since its…

5 days ago