Russia sanctions working


International, Russo-Ukrainian war 2022

On 16 December, the Council of the European Union adopted the ninth package of sanctions against the Russian Federation in response to Russia’s continuing war of aggression against Ukraine and “the gravity of the current escalation against civilians and civilian infrastructure,” according to the press release published on the EU Council’s website.

“The agreed sanctions intend to hit hard at Russia’s economy and its ability to continue its aggression against Ukraine. The new measures include a ban on exports of drone engines, a prohibition on investments in the mining sector, and the suspension of broadcasting licenses of four additional Russian media outlets,” according to the EU Council.

President of the EU Commission Ursula von der Leyen welcomed the agreement of the EU’s 9th package of sanctions against Russia saying that the new package sanctions “almost 200 individuals and entities involved in attacks on civilians and kidnapping children”:

“After food and hunger, Putin is now weaponizing the winter, by deliberately depriving millions of Ukrainians of water, electricity, and heating. The European Union is responding to this latest escalation and war crime with our 9th package of hard-hitting sanctions. We will continue targeting the economy and against those who are instrumental in this brutal war,” says Josep Borrell, High Representative for Foreign Affairs and Security Policy.

The package includes further restrictive measures to cripple the Russian economy and the ability to continue its aggression against Ukraine, particularly, the following measures:

  • new export controls and restrictions on the goods and technology that are dual-use or can contribute to the technological enhancement of Russia’s defense and security sector; expansion of the export ban on aviation and the space industry-related goods and technology to include aircraft engines and their parts;
  • an asset freeze against two additional Russian banks and adding the Russian Regional Development Bank to the list of Russian State-owned or controlled entities that are subject to a full transaction ban;
  • initiating the process for suspending the broadcasting licenses of four additional Russian media outlets: NTV/NTV MirRossiya 1REN TV, and Pervyi Kanal.
  • a ban on the provision of EU advertising, market research, and public opinion polling services, as well as product testing and technical inspection services to Russia;
  • expanding the prohibition targeting new investments in the Russian energy sector by additionally prohibiting new investments in the Russian mining sector;
  • EU nationals will now be forbidden from holding any posts on the governing bodies of all Russian State-owned or controlled legal persons, entities, or bodies located in Russia;
  • adopting a comprehensive package of individual measures.

Read also:

EU criminalizes evasion of sanctions against Russia

Ukraine needs independent journalism. And we need you. Join our community on Patreon and help us better connect Ukraine to the world. We’ll use your contribution to attract new authors, upgrade our website, and optimize its SEO. For as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

Tags: , , , , ,