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EU proposes new sanctions on Russia, including entry ban for military personnel
🇱🇹 Lithuania /Conflict & Security

EU proposes new sanctions on Russia, including entry ban for military personnel

From Delfi · () Lithuanian

Translated from Lithuanian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • The European Commission has proposed a new package of sanctions against Russia, including a ban on entry for individuals serving in the Russian armed forces since the war began.
  • The proposed measures target Russia's financial, energy, and fishing sectors, including halting adjustments to the EU's oil price cap and restricting sales of tankers used for Russian oil exports.
  • Additional financial and economic sanctions include prohibiting transactions with 31 more Russian banks, measures against cryptocurrency transactions, and export restrictions on certain metals and fish products.

European Commission President Ursula von der Leyen has unveiled a new, comprehensive sanctions package against Russia, marking the 21st such set of measures since the full-scale invasion of Ukraine began. A significant new proposal within this package is a ban on entry into the European Union for all individuals who have served in the Russian armed forces since the war's commencement.

"Europe remains inaccessible to all those who participated in the invasion of Ukraine," von der Leyen stated, emphasizing the EU's continued stance against Russian aggression. The proposed sanctions extend to critical sectors of the Russian economy, including finance, energy, and fishing. Notably, the EU plans to suspend adjustments to its oil price cap until January of next year. This measure aims to limit Russia's revenue from oil exports, as global fuel prices are currently rising due to the conflict in Iran, which would otherwise necessitate an increase in the cap.

We are proposing for the first time to ban entry into the European Union for all those who have served in the Russian armed forces since the start of the war.

— Ursula von der LeyenEuropean Commission President Ursula von der Leyen announced a new sanctions proposal.

Further restrictions target Russia's ability to circumvent existing sanctions. The package includes limitations on the sale of tankers used for transporting liquefied natural gas (LNG) and imposes sanctions on an additional 30 vessels associated with Russia's "shadow fleet," which is employed to bypass oil export restrictions. These measures are designed to tighten the economic noose around Russia's war efforts.

The financial and economic sanctions are extensive, encompassing a prohibition on transactions with 31 additional Russian banks. The package also includes measures targeting cryptocurrency transactions and imposes export restrictions on various goods. These include metals and alloys used in the aviation, space, and defense industries, as well as certain fish products. Before these sanctions can take effect, they must be formally approved by all EU member states.

Europe remains inaccessible to all those who participated in the invasion of Ukraine.

— Ursula von der LeyenVon der Leyen reiterated the EU's stance on individuals involved in the invasion.
DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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