New names 160 Russian leaders and oligarchsinvolved in actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine are added to the “list” of persons and entities against whom the European Union imposes sanctions, due to the Russian invasion.
In particular, the new list of measures, decided today by the 27 EU countries, includes names 14 Russian oligarchs and businessmen involved in key economic sectors providing a significant source of income to the Russian Federation – particularly in the metallurgical, agricultural, pharmaceutical, telecommunications and digital industries, as well as members of their families. Also included 146 members of the Council of the Russian Federation, which ratified the governmental decisions of the Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the “People’s Republics” of Donetsk and Luhansk, broadcasts the EIA.
Overall, EU restrictive measures now apply to the whole 862 of course faces and 53 entities.
In addition, the EU Member States have agreed to adopt further targeted sanctions against Russia and Belarusin response to its involvement in the Russian attack on Ukraine.
Specifically for Belarus, the agreed measures concern the following:
- Restriction of SWIFT services to Belagroprombank, Bank Dabrabyt and the Development Bank of the Republic of Belarus, as well as their subsidiaries in Belarus.
- Prohibition of transactions with the Central Bank of Belarus related to the management of reserves or assets and the provision of public financing for trade and investment in Belarus.
- Ban on listing and services in relation to shares of Belarusian state-owned entities on EU trading venues from 12 April 2022.
- Significant restriction of financial inflows from Belarus to the EU, prohibiting the acceptance of deposits over 100,000 euros by Belarusian nationals or residents, the keeping of Belarussian accounts from the central EU securities repositories, and the sale of euro securities to Belarusian clients.
- Ban on euro banknotes in Belarus.
At the expense of Russia:
- new restrictions on exports of maritime navigation and radiocommunication technology,
- Russian Maritime Register of Shipping added to list of state-owned enterprises subject to funding restrictions
- and a pre-exchange information provision for maritime safety equipment exports is introduced.
- In addition, the exemption on accepting deposits of more than € 100,000 in EU banks with Swiss and EEA nationals is being extended.
- Finally, the EU reaffirmed the common understanding that loans and credits can be provided by any means, including encrypted assets, and further clarified the concept of “securities” to clearly include cryptocurrencies and ensure application of the restrictions in force.
According to the European Commission, the above measures more effectively ensure that Russian sanctions can not be circumvented, including through Belarus.
Source: News Beast
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