New EU sanctions against Russia will affect more than 120 people and companies: Details

The relevant proposal was made by the High Representative of the European Union for Foreign Affairs Josep Borrel together with the European Commission. It is noted that sanctions will affect representatives of the Russian military, defense and IT sector. In addition, the new package proposes to impose new restrictions on import and export, as well as strengthening measures to comply with the marginal price for Russian oil and counteract the bypass of sanctions.

Among other things, it is reported that the measures are aimed at the organizers of illegal elections in the temporarily occupied territories, persons who support the war of the Russian Federation against Ukraine and persons who are responsible for the "re -education" of Ukrainian children. 11 Package of sanctions against Russia was approved at the end of June 2023. It included measures aimed at combating Russia bypassed previously imposed restrictions.

The next, 12 package of sanctions, provides restrictions on technology used by Russia for military purposes. In particular, it is about welding machines, chemicals, lithium batteries, drone engines and more. The possibility of imposing sanctions for diamond exports from January 1 is also considered. Imports of diamonds of the Russian Federation, which are cultivated in third countries, will be restricted.

In general, the next sanctions package provides restrictions on trade in goods by nearly 5 billion euros. In early November, it was noted that new restrictions will affect about 100 people and 40 companies. Recall, as reported by Financial Times, one of the most important restrictions for the Russian Federation is the price limit for oil that Russia bypasses. This situation does not like Western officials and they think about how to strengthen the restrictions.