The European Union’s Council has adopted the 11th package of sanctions on Russia for its unjustified invasion of Ukraine.
This package broadens prior limitations and adds hundreds of additional entities to the list of sanctioned businesses.
The European Union is attempting to prevent other nations and businesses from bypassing previously imposed sanctions with this package.
Following its adoption on June 23, the council announced the penalties, stating that the package will guarantee that EU sanctions against Russia “are even better implemented, based on the lessons learned from their implementation over the past year.”
The new measures are meant to tighten loopholes that allow commodities and technology critical to Russia’s war effort to enter Russia via nations that trade with the EU.
The EU Council announced the addition of 87 additional organizations to the sanctions list that are “directly supporting Russia’s military and industrial complex in its war against Ukraine.”
According to the European Union, these firms are registered in China, Uzbekistan, the United Arab Emirates, Syria, and Armenia.
“Systems are being put in place in several countries to monitor, control, and block re-exports,” according to an EU statement.
“Anomalous trade figures for some very specific products/countries are strong evidence that Russia is actively trying to circumvent the sanctions.”
“This necessitates redoubling our efforts to combat circumvention and requesting even closer cooperation from our neighbors.”
The new package provides for the deployment of regulations limiting the export of products and technology to foreign countries, which may later be transferred to Russia.
The new guidelines empower the EU to exert far greater pressure to put a halt to the prior practice.
Officials in the EU have long been concerned about a rise in demand for EU goods from Russia’s neighbors, who maintain economic connections with Moscow.
The package also includes the suspension of five additional state-controlled Russian media outlets’ EU broadcasting licenses, increasing the total number of media outlets to 10.
Furthermore, the package forbids ships involved in the transfer of crude oil or petroleum products at sea from entering EU ports if there is cause to suspect that the cargo is of Russian origin.
EU adopts 11th package of sanctions against Russia for its continued illegal war against Ukraine
