The new sanctions would limit the Kremlin’s ability to finance the war in Ukraine, Josep Borrell insisted.
The EU Council approved a sixth package of anti-Russian sanctions affecting the economic sector, as well as a number of individuals from Russia and Belarus. It was reported on his website on Friday, June 3rd.
“In light of Russia’s ongoing war of aggression against Ukraine and Belarus’ support for it, as well as reports of atrocities committed by Russia’s armed forces in Ukraine, the Council today decided to impose a sixth package of economic and individual sanctions against Russia and Belarus, “the statement said.
EU High Representative for Foreign Affairs and Security Policy Josep Borrell said the new sanctions would “limit the Kremlin’s ability to finance the war.”
What new restrictions have led to the EU
Oil:
The purchase, import and transfer of oil and certain petroleum products from Russia to the EU was banned. The oil phase-out will last from 6 to 8 months.
At the same time, an exception is provided for the import of oil by pipeline to EU countries, which, due to their geographical location, do not yet have alternative options.
“In addition, Bulgaria and Croatia will also have temporary reductions regarding Russia’s imports of crude oil by sea and vacuum gas oil, respectively,” the statement said.
De-Swifting:
The EU cut three more Russian banks from SWIFT – Sberbank, Moscow Credit Bank, Rosselkhozbank, and the Belarusian Development Bank.
Broadcasting:
The activities of three Russian state-owned companies in the EU have been suspended: RTR Planet, RTR Russia, Russia 24, TV Center International.
Export restrictions:
“The EU is expanding the list of individuals and legal entities subject to export restrictions on the dual use of goods and technologies. This list includes both Russian and Belarusian organizations,” the press service added.
EU sanctions will also hit Russia’s defense and security sector. The list of restrictions includes 80 chemicals available to the country covering the manufacture of chemical weapons.
Consulting services:
The EU has banned the provision of accounting services, public relations services, as well as consulting and cloud services in Russia.
Individual penalties:
The EU has imposed sanctions on individuals and entities involved in the atrocities in Bucha and Mariupol, top businessmen, family members of oligarchs and Kremlin officials, and defense companies.
“The EU strongly condemns Russia’s war of aggression against Ukraine. It calls on Russia to immediately stop its relentless attacks on the civilian population and civilian infrastructure, and to immediately and unconditionally withdraw all of its troops and military equipment from all the territories of Ukraine within it around the world. recognized borders. The atrocities committed by the Russian troops and the suffering and destruction it caused are indescribable, “the Council said. EU in a statement.
Taque stressed that the European Union is unwavering in its desire to help Ukraine exercise its inalienable right to self-defense against Russian aggression and build a peaceful, democratic and prosperous future.
On the eve of the Russian Foreign Ministry called “self-destructive” new sanctions for the EU. Sergey Lavrov’s office promised that Russia would adequately tolerate the consequences of EU restrictive measures and remain a reliable trading partner in the international arena.
The US has expanded the list of sanctions against Russia
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.