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    Home»Finance

    EU strengthens sanctions against Russia for illegal Ukraine war

    npsBy nps23 June 2023 Finance No Comments4 Mins Read
    — Filed under: EU News Headline Russia Ukraine
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    EU strengthens sanctions against Russia for illegal Ukraine war

    Josep Borrell Fontelles – Photo © European Union 2023

    (BRUSSELS) – The European Union continued its drive to erode Putin’s war machine and revenues Friday with an 11th package of sanctions including new tools to counter circumvention and information warfare.

    The EU’s foreign policy chief Josep Borrell said the EU would continue to increase pressure on Russia for “as long as it takes”: “Today we are targeting 104 individuals and entities who are instrumental in the continuation of this brutal war, including those responsible for military activities, for political decisions, who are polluting the public space with disinformation and malicious narratives, adding to the military warfare also through information warfare. We are also targeting those involved in inhumane deportations and forced adoption of Ukrainian children to Russia, as well Russian IT companies providing critical technology and software to the Russian intelligence,” he said.

    The decision of the Council strengthens the ability of the EU to counter sanctions circumvention as well as to target the information warfare conducted by Russia. It also adds 104 new listings, which cover various sectors and categories of individuals and entities.

    The Council adopted the first listing related to sanctions circumvention, following an infringement procedure in one member state. The Council also extended the existing listing criterion on circumvention so as to cover also individuals and entities significantly frustrating the restrictive measures in such a way as to contribute to Russia’s capacity to wage war.

    In response to information warfare conducted by Russia, the Council introduced a new listing criterion to cover companies in the IT sector that provide critical technology and software to the Russian intelligence community. Based on this new listing criterion, the Council designated companies from the IT sector holding a licence administered by the Federal Security Service or the Ministry of Industry and Trade of the Russian Federation.

    A substantial number of designations target the Russian military and defence sector: senior military officials of the Russian armed forces, companies manufacturing missiles, drones, anti-aircraft missile system, military vehicles and high-tech components for weapons, as well as companies producing goods and technologies covered by the above-mentioned licences.

    Designations also include individuals responsible for the forced transfers and deportation of Ukrainian children and persons responsible for the looting of Ukraine’s cultural heritage.

    Today’s sanctions also continue to target actors involved in disinformation, including the listing of a television and radio company linked to the Russian armed forces, media executives, propagandists and other individuals responsible for disinformation.

    The Council is also sanctioning the Foundation for the Support and Protection of the Rights of Compatriots Living Abroad, which plays an important supporting role in implementing the foreign policy goals of the Russian Government, and its Executive Directorand tasked with coordinating the mobilisation efforts of the Russian Federation to support its war of aggression against Ukraine.

    The Council also designated separatist military officials who were convicted by a Dutch court over the downing of Malaysia Airlines Flight MH17. This action is taken in close coordination with Australia.

    Lastly, designations includes members of the judiciary who took politically motivated decisions against Ukrainian citizens who opposed the annexation of Crimea, as well as businesspersons, a deputy minister and a number of Russian local officials and two banks: MRB Bank and CMR Bank, which operate in the illegally annexed territories of Donetsk, Luhansk, Kherson and Zaporizhzhia.

    The EU reiterates that it stands firmly and fully with Ukraine and will continue to provide strong political, economic, military, financial and humanitarian support to Ukraine and its people for as long as it takes.

    The relevant legal acts, including the names of the listed individuals and entities, have been published in the Official Journal of the EU.

    11th package of restrictive measures against Russia - guide

    Council decision and regulation concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine

    One year of Russia’s full-scale invasion and war of aggression against Ukraine, EU adopts its 10th package of economic and individual sanctions (press release, 25 February 2023)

    EU response to Russia’s invasion of Ukraine (background information)

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