🇪🇺The European Commission welcomes the adoption of the sixth package of restrictive measures against Russia.
Together with the previous five packages, the sanctions adopted today are unprecedented and designed to further increase economic pressure on Russia and undermine its ability to wage its war on Ukraine. They also include further sanctions against Belarus considering its involvement in this aggression.
The main highlight of the 6th package are:
🛢 Oil import restrictions
Today's package contains a complete import ban on all Russian seaborne crude oil and petroleum products. This covers 90% of our current oil imports from Russia.
The ban is subject to certain transition periods to allow the sector and global markets to adapt, and a temporary exemption for pipeline crude oil to ensure that Russian oil is phased out in an orderly fashion. This will allow the EU and its partners to secure alternative supplies and minimises the impact on global oil prices.
⛴ Oil transport services
After a wind down period of 6 months, EU operators will be prohibited from insuring and financing the transport, in particular through maritime routes, of oil to third countries.
This will make it particularly difficult for Russia to continue exporting its crude oil and petroleum products to the rest of the world since EU operators are important providers of such services.
🏦 Financial and business services measures
An additional three Russian banks, including Russia's largest bank Sberbank, and one additional Belarussian bank have been removed from SWIFT. These banks are critical for the Russian financial system and Putin's ability to further wage war. It will solidify the isolation of the Russian financial sector from the global system.
The provision of certain business-relevant services - directly or indirectly – such as accounting, auditing, statutory audit, bookkeeping and tax consulting services, business and management consulting, and public relations services to the Russian government, as well as to legal persons, entities or bodies established in Russia are now prohibited.
📺 Broadcasting suspension
The broadcasting activities of another three Russian State outlets – Rossiya RTR/RTR Planeta, Rossiya 24/Russia 24, and TV Centre International – have been suspended. They are among the most important pro-Kremlin disinformation outlets targeting audiences in Ukraine and the EU, and disseminating propaganda in support of Russia's aggression against Ukraine.
They will now be barred from distributing their content across the EU, in whatever shape or form, be it on cable, via satellite, on the internet or via smartphone apps.\
🪖Export restrictions
Today's package further expands the list of natural, legal persons or entities associated with Russia's military-industrial complex.
These natural, legal persons or entities are involved in various sectors, such as electronics, communications, weapons, shipyards, engineering and scientific research.The list of Belarusian entities subject to restrictions has been significantly widened (from 1 entity to 25).
This is related to authorisations for the sale, supply, transfer or export of dual-use goods and technology, as well as goods and technology which might contribute to Belarus's military and technological enhancement, or to the development of its defence and security sector.
More details on the 6th sanctions package available in the full press-release📄
Today's package builds on the wide-ranging and unprecedented packages of measures the EU has been taking in response to Russia's acts of aggression. The EU stands united and will continue to support Ukraine and its people.
#StandWithUkraine #Sanctions
🇪🇺European Commission
Together with the previous five packages, the sanctions adopted today are unprecedented and designed to further increase economic pressure on Russia and undermine its ability to wage its war on Ukraine. They also include further sanctions against Belarus considering its involvement in this aggression.
The main highlight of the 6th package are:
🛢 Oil import restrictions
Today's package contains a complete import ban on all Russian seaborne crude oil and petroleum products. This covers 90% of our current oil imports from Russia.
The ban is subject to certain transition periods to allow the sector and global markets to adapt, and a temporary exemption for pipeline crude oil to ensure that Russian oil is phased out in an orderly fashion. This will allow the EU and its partners to secure alternative supplies and minimises the impact on global oil prices.
⛴ Oil transport services
After a wind down period of 6 months, EU operators will be prohibited from insuring and financing the transport, in particular through maritime routes, of oil to third countries.
This will make it particularly difficult for Russia to continue exporting its crude oil and petroleum products to the rest of the world since EU operators are important providers of such services.
🏦 Financial and business services measures
An additional three Russian banks, including Russia's largest bank Sberbank, and one additional Belarussian bank have been removed from SWIFT. These banks are critical for the Russian financial system and Putin's ability to further wage war. It will solidify the isolation of the Russian financial sector from the global system.
The provision of certain business-relevant services - directly or indirectly – such as accounting, auditing, statutory audit, bookkeeping and tax consulting services, business and management consulting, and public relations services to the Russian government, as well as to legal persons, entities or bodies established in Russia are now prohibited.
📺 Broadcasting suspension
The broadcasting activities of another three Russian State outlets – Rossiya RTR/RTR Planeta, Rossiya 24/Russia 24, and TV Centre International – have been suspended. They are among the most important pro-Kremlin disinformation outlets targeting audiences in Ukraine and the EU, and disseminating propaganda in support of Russia's aggression against Ukraine.
They will now be barred from distributing their content across the EU, in whatever shape or form, be it on cable, via satellite, on the internet or via smartphone apps.\
🪖Export restrictions
Today's package further expands the list of natural, legal persons or entities associated with Russia's military-industrial complex.
These natural, legal persons or entities are involved in various sectors, such as electronics, communications, weapons, shipyards, engineering and scientific research.The list of Belarusian entities subject to restrictions has been significantly widened (from 1 entity to 25).
This is related to authorisations for the sale, supply, transfer or export of dual-use goods and technology, as well as goods and technology which might contribute to Belarus's military and technological enhancement, or to the development of its defence and security sector.
More details on the 6th sanctions package available in the full press-release📄
Today's package builds on the wide-ranging and unprecedented packages of measures the EU has been taking in response to Russia's acts of aggression. The EU stands united and will continue to support Ukraine and its people.
#StandWithUkraine #Sanctions
🇪🇺European Commission
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It is also proposed to sanction almost 100 additional individuals and entities responsible for military activities, political decisions, propaganda, and disinformation.
The new package will again hit hard the Russian military and defence sector, those responsible for the development of drones targeting civilians and civilian infrastructure.
This includes a full export ban on Iranian entities involved in manufacturing and provision of Drones to Russia.
We will continue to increase pressure on Russia - for as long as needed.
European Commission #sanctions
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It will deal a further blow to Putin’s war machine with tightened export restrictions, targeting entities supporting the Kremlin.
Our anti-circumvention tool will prevent Russia from getting its hands on sanctioned goods.
President von der Leyen
European Commission #sanctions
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