New package of sanctions on Russia announced by the Commission – End to imports of Russian gas for Member States

The European Commission has unveiled its 19th sanctions package against Moscow, with President Ursula von der Leyen stressing that the EU volition proceed to enactment Ukraine and that Russia indispensable wage the terms for its ongoing aggression.

Von der Leyen outlined the caller sanctions successful three cardinal sectors:

• Natural Gas Ban: Imports and purchases of Russian earthy state by each EU subordinate states are present prohibited, extending the earlier prohibition already successful spot connected Russian crude oil.
• Sanctions connected “Shadow Fleet”: A further 118 Russian ships from Moscow’s alleged “shadow fleet,” utilized to export and merchantability vigor to 3rd markets, person been added to the sanctions list. The EU’s database present covers much than 500 vessels, not each Russian. Von der Leyen emphasized that this database volition beryllium perpetually updated arsenic caller quality emerges.
• Energy Giants Targeted: The EU has present excluded Russia’s 2 largest vigor companies from each activities and procedures wrong the Union. Beyond energy, these companies besides run successful the fiscal sector.

Von der Leyen underlined that the corporate actions of Ukraine’s allies volition proceed to weaken Russia’s already “critical” economy. She besides presented a caller European program to leverage frozen Russian assets, confirming that enactment is successful its last signifier connected a new enslaved indebtedness for Ukraine. This indebtedness volition beryllium backed by those assets and repaid by Kyiv erstwhile Russia begins paying warfare reparations aft the conflict.