What are the European sanctions on Russia?

New procedures are in preparation. On Wednesday, May 4, the European Commission presented a sixth package of sanctions against Russia, in response to the Moscow-led attack in Ukraine. The European Union is calling on member states, who will have the last word, to gradually ban the import of Russian oil and expand the blacklist of people close to the Kremlin whose assets have been frozen. Here, sector by sector, details of measures already proposed or adopted since the beginning of the Russian invasion (even, in some cases, since the annexation of Crimea in 2014).

>> Follow the latest information on the war in Ukraine in our lives

Ban on coal and oil

It is already in effect. The European Union, some of whose member states are heavily dependent on Moscow for energy, decided to halt purchases of Russian coal from August. Brussels prohibits Europeans from making new investments in Russia’s energy sector or from exporting oil-refining goods and technology to Russia. The 27 countries also planned to significantly reduce their imports of Russian gas by the end of the year.

What the agency suggests. The European Union now supports “A ban on all types of Russian oil, crude and refined, transported by sea and by pipeline.”According to Commission President Ursula von der Leyen. This will be the station “gradual”starting with crude oil shipments “Within six months” and refined products “By the end of the year”. An exception is proposed to allow Hungary and Slovakia to continue their purchases from Russia until the end of 2023, since these two countries are completely dependent on pipeline deliveries.

Budapest But on Wednesday he rejected the proposal for a phased embargo on Russian oil “in its current form”judging that such a procedure ‘It will completely destroy energy security’ from the state. Any punishment must be approved by all 27 member states.

isolated financial sector

It is already in effect. The European Union excluded some Russian and Belarusian banks for the interbank SWIFT system, an essential cog in global finance that allows for fast and secure delivery of transactions. It also banned any transaction with the Russian Central Bank, any public financing or investment in the country and any supply to Russia of euro banknotes. Some Russian banks and companies have limited access to European capital markets.

What the agency suggests. The new sanctions being studied provide for the exclusion from the Swift system of Russia’s largest bank, Sberkank, which accounts for 37% of the market, and two other facilities. “This will reinforce the complete isolation of the Russian financial sector.”According to Ursula von der Leyen.

pending business

It is already in effect. It is prohibited to export luxury goods, as well as arms trade and the sale of goods and technological products “that can contribute to Russia’s defense and security capabilities”. Conversely, it is no longer allowed to import iron, steel, wood, cement, seafood or alcohol from Russia.

What the agency suggests. It is now planned to ban any consulting activity for Russian companies in Europe.

More than a thousand people are on the EU blacklist

It is already in effect. According to the European Union, 1,093 people are currently subject to an entry ban on European soil and an asset freeze. Vladimir Putin is on the list (in English), just like its foreign minister, Sergey Lavrov, and the head of the Rosneft oil company, Igor Sechin. Businessmen and oligarchs, such as Roman Abramovich, as well as deputies, members of the National Security Council and senior civil servants were also registered. Added to this are 80 entities accused of being linked to the war in Ukraine.

What the agency suggests. The head of the Russian Orthodox Church, Patriarch Kirill, an outspoken supporter of the attack in Ukraine, is among the new figures that Brussels is proposing to add to its blacklist. We also found the family of Kremlin spokesman Dmitry Peskov, and several soldiers suspected of war crimes in Bucha.

The media has been silenced

It is already in effect. Since March, the radio activities of Sputnik and Russia Today channels have been accused of contributing to “To encourage military aggression against Ukraine and destabilize neighboring countries.”, spoon. This action will be applied “Until the aggression against Ukraine ends” and even stop “Disinformation and manipulation campaigns against the European Union”.

What the agency suggests. Access to European airwaves can also be cut off at three major Russian radio stations. The latter will be prohibited from distributing its content in the European Union via cable, satellite, internet or smartphone apps.

Closure of ports, roads and airspace

It is already in effect. European airspace is prohibited for all Russian aircraft, as well as entry into European territory of Russian and Belarusian road carriers. The EU also closed its ports to Russian ships and banned all exports in the air (airplanes, spare parts, equipment, etc.), in the maritime and aerospace sectors.

What the agency suggests. No significant new provisions were announced.

Leave a Comment

Your email address will not be published.