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EU announces 8th round of sanctions on Russia

On Sept. 28, European Commission president Ursula von der Leyen proposed an eighth round of sanctions on Russia for escalating the war in Ukraine with sham referenda in Russia’s occupied territories.

EU Commission President offered to introduce: 

  1. New listing of individuals and entities. 
  2. Import bans on Russian products depriving the Russian economy of €7 billion in revenues and export of key technologies needed for the Russian war machine.
  3. Bans on providing European services
  4. Prohibition for EU nationals to sit on governing bodies of Russian state-owned companies.
  5. A legal basis for an oil price cap that will help reduce Russia’s revenues and keep global energy markets stable.

Also, in order to fix the issue of circumvention of sanctions EU is adding a new category to be able to list individuals if they circumvent sanctions.

Read also:

EU likely to sanction Russia’s chemical, machinery, steel products in 8th sanction package, no oil price cap yet – media

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