The European Union has adopted its tenth package of sanctions, “giving another turn of the screw to the government of the Russian Federation and those responsible for Russia’s continuing war of aggression”, according to a press release from the Council of the European Union.
“Putin is escalating this illegal aggression, weaponising winter, food and hunger. Russia continues to show its inhuman face with brutal missile terror against civilian targets. Today’s 10th package of sanctions targets those who are instrumental in the continuation of this brutal war. We are taking more measures, tackling the banking sector, access to dual-use technology and advanced technologies. We will continue to increase pressure on Russia – and we will do it for as long as needed, until Ukraine is liberated from the brutal Russian aggression,” said EU High Representative Josep Borrell.
The latest package extends sanctions to around 120 new individuals and entities, as well as adding further trade and financial sanctions, including further export bans worth more than €11 billion, depriving the Russian economy of critical tech and industrial goods. It also steps up enforcement and anti-circumvention measures, including a new reporting obligation on Russian Central Bank assets.
The EU has added about 120 individuals and entities to its sanction list, including Russian decision-makers, senior government officials and military leaders complicit in the war against Ukraine, as well as proxy authorities installed by Russia in the occupied territories in Ukraine. The list also includes key figures involved in the kidnapping of Ukrainian children to Russia, as well as organizations and individuals, who are polluting the public space with disinformation, adding to the military warfare through information warfare. Measures are also taken against individuals in Iran who are involved in the elaboration of drones and components supporting Russia’s military. In addition, members and supporters of Russia’s Wagner mercenary group and its activities in other countries, such as Mali or Central African Republic, are also targeted.
Additional EU export bans and restrictions
New export restrictions have been introduced on sensitive dual-use and advanced technologies that contribute to Russia’s military capabilities and technological enhancement. This includes additional electronic components used in Russian weapons systems (drones, missiles, helicopters, other vehicles), as well as bans on specific rare earths and thermal cameras with military applications.
Additional export bans are now also imposed on goods that can be easily redirected to be used to support the Russian war effort including:
- Vehicles: heavy trucks not yet banned (and their spare parts), semi-trailers, and special vehicles such as snowmobiles;
- Goods easily directed to the Russian military: including electric generators, binoculars, radars, compass, etc.;
- Construction goods such as bridges, structures for buildings tower-like, fork-lifts trucks, cranes, etc.;
- Goods that are critical for the functioning and enhancement of Russian industrial capacity (electronics, machine parts, pumps, machinery for working metals, etc.);
- Complete industrial plants: this category has been added to avoid loopholes;
- Goods used in the aviation industry (turbojets).
These new bans and restrictions cover EU exports worth €11.4 billion (2021 data). They come on top of the €32.5 billion worth of exports already sanctioned in the previous packages. With today’s package, the EU has sanctioned in total nearly close to half (49%) of its 2021 exports to Russia.
Additional imports bans into the EU
Today’s package imposes import bans on the following Russian high-revenue goods:
Bitumen and related materials like asphalt; and synthetic rubber and carbon blacks.
These new import bans cover EU imports worth almost €1.3 billion and they come on top of €90 billion already sanctioned, representing altogether 58% of the EU’s 2021 imports.
Three Russian banks have been added to the list of entities subject to the asset freeze and the prohibition to make funds and economic resources available.
- A ban on Russian nationals from serving on governing bodies of Member States’ critical infrastructure companies;
- Prohibition on Russian nationals and entities to book gas storage capacity in the Union (LNG excluded);
- Measures to facilitate the divestment from Russia by EU operators;
- A third country shipping company, suspected of helping Russia circumvent sanctions on oil exports, has also been listed.
Enforcement and anti-circumvention measures
Today’s package imposes new reporting obligations on Russian Central Bank assets. This is especially important regarding the possible use of public Russian assets to fund the reconstruction of Ukraine after Russia is defeated.
Reporting obligations on frozen assets.