EU approves fifth round of sanctions against Russia for military aggression against Ukraine

In view of Russia’s continuing war of aggression against Ukraine and reports of atrocities committed in Ukraine by the Russian armed forces, the Council decided today to implement a fifth economic and individual group against Russia.

The sanctions package adopted includes measures aimed at increasing pressure on the Russian government and economy and limiting the resources the Kremlin can use for aggression.

EU High Representative for Foreign Affairs and Security Policy Josep Borrell

These latest sanctions were adopted following the atrocities committed by the Russian armed forces in Buchha and other Russian-occupied places. The purpose of our sanctions is to end the irresponsible, inhuman and aggressive behavior of Russian troops and to make it clear to the decision makers in the Kremlin that their illegal attacks have a high cost.

EU High Representative for Foreign Affairs and Security Policy Josep Borrell

The sanctions package includes:

– prohibition of purchasing, importing or transferring coal and other solid fossil fuels From August 2022 to the EU if originating in or exported from Russia. The value of coal imports into the EU is currently 8 billion Euros per year.

– ban on giving Access to EU ports Ships registered under the Russian flag. Exemptions are granted for agricultural and food products, humanitarian aid and energy;

– a ban for any company truck transport Russian or Belarusian for transporting goods by road on the territory of the EU, including in transit. However, exceptions are provided for a certain number of products such as pharmaceutical, medical, agricultural and food products, primarily wheat, and for road transport for humanitarian purposes;

– others export bansjet fuels and other goods such as quantum computers and advanced semiconductors, high-end electronics, software, precision machinery and transportation equipment, and new import bans pertaining to products such as timber, cement, fertilizer, seafood, and spirits. The agreed export and import bans amounted to only €10 billion and €5.5 billion respectively.

– a set of targeted economic measures aimed at strengthening existing measures and closing gaps, for example: a general ban on Russian companies’ participation in the EU public markets In the Member States, all Financial support to Russian public institutionsextension of the executive ban deposits in crypto asset wallets and sell banknotes and securities Expressed in the official currency of any EU Member State to Russia and Belarus, or to any natural or legal person, institution or organization in Russia and Belarus.

In addition, the Council decided to sanction companies whose products or technologies played a role in the invasion, the main oligarchs and businessmenpeaks Kremlin officials, advocates of disinformation and information manipulationBy systematically disseminating the Kremlin version of Russia’s war of aggression in Ukraine, family members of previously sanctioned personsTo ensure that EU sanctions are not circumvented.

Moreover, It imposes a total transaction ban on four major Russian banksrepresents a 23% market share in the Russian banking industry. Once cleared of SWIFT, these banks will now be subject to an asset freeze that will completely exclude them from EU markets.

The Council of Europe, in its resolutions of 24 March 2022, stated that the Union is ready to close the gaps and combat the known and possible circumvention of the restrictive measures already taken, as well as to rapidly implement coordinated and powerful attacks against Russia and new sanctions. Belarus to effectively counter Russia’s ability to continue its aggression.

Russia’s war of aggression against Ukraine is in clear violation of international law and has resulted in enormous loss of human life and injury to a significant number of civilians. Russia has been carrying out attacks on the civilian population and targeting civilian property, including hospitals, medical facilities, schools and shelters. These war crimes must be stopped immediately. Those responsible and their accomplices will be held accountable for their actions in accordance with international law. The siege of Mariupol and other Ukrainian cities and the refusal of Russian military forces to access humanitarian aid is unacceptable. Russian forces should immediately allow safe access routes to other parts of Ukraine, as well as humanitarian aid deliveries to Mariupol and other besieged towns.

The Council of Europe demands that Russia immediately cease its military aggression on Ukrainian territory, immediately and unconditionally withdraw all its forces and military equipment from all Ukrainian territory, and fully respect Ukraine’s territorial integrity, sovereignty and independence within its internationally recognized borders.

Relevant legal regulations will be published in the Official Gazette soon.