The Council of the European Union has approved the fourth package of economic and individual sanctions against Russia.
“The fourth package of sanctions is another major blow to Russia’s economic and logistical base, which Russia relies on to continue hostilities in Ukraine. The aim of the sanctions is for President Putin to end this inhuman and senseless war in Ukraine,” said Borrell.
The fourth package of EU sanctions against Russia includes:
- Prohibition of transactions with certain state-owned enterprises;
- Prohibition of the provision of any credit rating service to any Russian person or entity, as well as prohibition of access to any subscriber services in connection with credit rating activities;
- Expanding the list of persons with ties to the Russian defense-enterprise base, which imposes stricter restrictions on materials and technologies that may contribute to the technological refinement of the Russian defense and security sector.
- Prohibit new investments in the Russian energy sector, as well as impose comprehensive restrictions on the export of equipment, technology and services to the energy industry;
- Introduce further trade restrictions in the field of iron and steel, as well as luxury items.
By: Mariam Mtivlishvili
