“With the current package, we are increasing restrictions on the Kremlin’s ability to finance the war by imposing further economic sanctions. We are banning the import of Russian oil into the EU, cutting off a huge source of revenue for Russia. “We are also imposing sanctions on those responsible for the atrocities that took place in Bhutan and Mariupol, and we are banning more misinformation that is actively contributing to President Putin’s war propaganda,” said a spokesman for the spokesman.
The package includes a series of measures aimed at effectively preventing Russia’s ability to continue aggression, the council statement said.
Oil
The EU has decided to ban the purchase, import or transfer of crude oil and some petroleum products from Russia to the EU. The phasing out of Russian oil will take from 6 months for crude oil to 8 months for other petroleum products.
A temporary exemption is provided for crude oil imports via pipelines to those EU Member States which, due to their geographical location, are particularly dependent on Russian supplies and have no viable alternatives.
In addition, Bulgaria and Croatia will also benefit from temporary derogations on oil imports.
– Removal of additional Russian and Belarusian banks from the SWIFT system
The EU is extending its existing ban on specialized financial messaging services (SWIFT) to three additional Russian credit institutions – Russia’s largest bank Sberbank, Credit Bank of Moscow and Russian Agricultural Bank – and Belarus Development and Reconstruction Bank.
Media
The EU is suspending broadcasting activities in the EU of three more Russian state-owned stations: Rossiya RTR / RTR Planeta, Rossiya 24 / Russia 24 and TV Center International. These tools have been used by the Russian government as instruments for manipulating information and promoting misinformation about the invasion of Ukraine, including propaganda, with the aim of destabilizing neighboring Russia and the EU and its Member States. According to the Charter of Fundamental Rights, these measures will not prevent these media and their staff from operating in the EU outside of broadcasting, e.g. research and interviews.
Export restrictions
The EU is expanding the list of persons and entities involved in export restrictions on dual-use goods and technology. Such additions to the list include both Russian and Belarusian entities. In addition, the EU will expand the list of goods and technology that may contribute to the technological improvement of Russia’s defense and security sector. This will include 80 chemicals that can be used to make chemical weapons.
Consultant agency
The EU will ban the provision of accounting, public relations and consulting services, as well as cloud services in Russia.
Individual entries
In addition, the Council decided to impose sanctions on additional individuals and entities: those responsible for the atrocities committed by Russian troops in Bhutan and Mariupol, pro-war figures, top businessmen and family members of oligarchs and Kremlin officials, and companies in the field of defense and a financial institution.
The relevant legal acts will be published soon in the Official Journal.
Source: Capital
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