EU Introduces 16th Sanctions Package Against Russia: New Restrictions and Bans
The European Union has adopted a new package of sanctions against Russia, targeting the financial sector, transport, energy, and media. What measures have been introduced, and what comes next?
Photo: pixabay.com
On the third anniversary of Russia's full-scale invasion of Ukraine, the European Union introduced its 16th sanctions package, with details published on the official website of the Council of the European Union.
The new measures are aimed at weakening the Russian economy and limiting resources used for waging war.
The EU has expanded its list of personal sanctions, adding 83 new entities, including 48 individuals and 35 legal entities. The restrictions target companies supporting Russia’s military sector, as well as shipowners involved in shadow oil transportation.
The financial sector has also come under pressure. For the first time, sanctions have affected banks outside Russia that use the SPFS system—Russia’s alternative to SWIFT. Additionally, the EU has blocked 13 regional banks that play a key role in Russia's economy.
Significant trade restrictions have been introduced: 53 companies from Russia, China, India, and other countries have been sanctioned for assisting in the supply of drone and missile technology. The export of certain chemicals, controllers, and CNC machine software has also been banned.
The sanctions also target Russian media: licenses of eight propaganda outlets have been revoked. Moreover, the EU has banned transactions with Russian ports and enterprises linked to military supplies.
This sanctions package is designed to increase pressure on Russia and support Ukraine in its fight for independence.
Additionally, Australia has announced its largest sanctions package against Russia on the third anniversary of the full-scale invasion of Ukraine. Restrictions have been imposed on 70 individuals and 79 companies, including officials, judges, and organizations supporting the war. Special attention has been given to individuals involved in the deportation of Ukrainian children.
The sanctions also aim to counter Russia-North Korea military cooperation. According to the government, arms transfers and the involvement of North Korean forces pose a threat to Indo-Pacific security.
Furthermore, Australia has expanded trade restrictions, banning the export of commercial drones to Russia. The total amount of Australian aid to Ukraine has exceeded $1.5 billion.
It has also been reported that the UK has imposed sanctions on Russia’s cybercrime hub ZSERVERS, as well as its British company XHOST and six employees involved in attacks on critical infrastructure worldwide.
Additionally, on Human Rights Day, Canada has tightened sanctions against Russia, imposing restrictions on officials and personnel involved in the torture of Ukrainian civilians and prisoners of war.