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The EU has released details of the fourth package of sanctions against Russia

"Russia and its ally Belarus are fully responsible for this war and aggression."

The EU has released details of the fourth package of sanctions against Russia

The European Union published information about the fourth package of sanctions against Russia, approved yesterday. This news was published on the website of the European Council.

The new sanctions package includes:

  • prohibit all transactions with certain state-owned enterprises,

  • prohibit the provision of any credit rating services, as well as access to any subscription services in relation to credit rating activities, to any Russian person or entity,

  • expand the list of persons connected to Russia’s defence and industrial base, on whom tighter export restrictions are imposed regarding dual-use goods and goods and technology which might contribute to Russia’s technological enhancement of its defence and security sector,

  • prohibit new investments in the Russian energy sector, as well as a to introduce a comprehensive export restriction on equipment, technology and services for the energy industry,

  • introduce further trade restrictions concerning iron and steel, as well as luxury goods.

  • to sanction key companies in the aviation, military and dual use, shipbuilding and machine building sectors.

The EU has also decided to impose sanctions on key Kremlin oligarchs, lobbyists and propagandists.

By a separate decision, the EU Council authorized the European Commission to join on behalf of the EU in a multilateral statement on Russia's aggression against Ukraine, which is to be adopted within the framework of the World Trade Organization.

According to a statement on the European Council's website, Russia's unprovoked and unjustified military aggression against Ukraine is a significant violation of international law and the principles of the UN Charter, undermining European and global security and stability. Furthermore, this aggression inflicts terrible suffering on the population of Ukraine.

"Russia, and its accomplice Belarus, bear full responsibility for this war of aggression and those responsible will be held to account for their crimes, including for indiscriminately targeting civilians and civilian objects" - stated in the document. 

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