New Sanctions Again Russia in 2019

These measures are smart and targeted, striking Russia where it hurts (with maximum impact on the Russian political elite) and are well coordinated with our allies.

The sanctions are listed below.

Private listings of people and entities

Prohibition to provide funds or economic resources:

People Travel ban Nugget freeze Prohibition to provide funds

Entities Nugget freeze Prohibition to provide funds

• 1091 individuals, including over 30 oligarchs
• fourscore entities

Expanding the listing criteria which volition enable us to hands target the entire Russian regime and their family members, oligarchs, business people, propagandists and disinformation actors, and those agile in leading sectors of the Russian economy, supporting the military aggression.

Fiscal sector sanctions

We are cut Russian federation's access to uppercase markets of the EU, increasing borrowing costs for the sanctioned entities and gradually eroding Russia's industrial base of operations past:

• prohibiting any class of lending to and buying of securities issued by sure Russian banks and government (including the Primal Bank)
• imposing avails freezes and financing bans on a number of Russian banks
• a full prohibition of whatsoever transactions with certain Russian State-owned enterprises beyond different sectors - the Kremlin's military-industrial complex
• clarifying that crypto avails fall under the scope of "transferable securities"
• extending to all official EU currencies the prohibition on the consign of banknotes and on the sale of transferrable securities
• a ban on the rating of Russian federation and Russian companies by EU credit rating agencies and the provision of rating services to Russian clients
• a prohibition on providing high-value crypto asset services to Russian federation
• a prohibition on providing advice on trusts to wealthy Russians, making it more difficult for them to store their wealth in the Eu
• targeting the Russian elite past banning their big deposits in European union banks

We are also blocking Russia's EU-held foreign exchange reserves past:

• agreeing to exclude key Russian banks from the SWIFT organisation, the world'due south dominant fiscal messaging organization
• prohibiting investing in projects co-financed by the Russian Direct Investment Fund. The provision of euro-denominated banknotes to Russia has also been prohibited.

This measure out will terminate these banks from conducting their financial transactions worldwide in a fast and efficient manner.

FACT 70% of the Russian banking system (in avails), government and key country-endemic companies, will no longer exist able to refinance in EU uppercase markets.

Energy sector sanctions

Transport sector

• Ban on exports, sales, supply or transfer of all aircraft, aircraft parts and equipment to Russia.
• Ban on the provision of all related repair, maintenance or fiscal services.
• Closure of European union airspace to all Russian-endemic, registered or controlled aircraft, including private jets of oligarchs.
• Restrictions on the consign of maritime navigation appurtenances and radio advice engineering science.
• A full ban of Russian and Belorussian freight road operations working in the Eu (certain exceptions volition comprehend essentials, such as agronomics and nutrient products, humanitarian aid also every bit free energy).
• An entry ban on Russian-flagged vessels to Eu ports (exceptions apply for medical, food, energy and humanitarian purposes).

FACT Three quarters of Russia's current commercial air fleet were built in the Eu, the US and Canada. This means that Russia will not be able to maintain its armada to international standards.

Dual-use goods and advanced technology items

Sharpening existing consign controls on dual-use appurtenances to target sensitive sectors in Russia'due south war machine industrial complex, and limiting Russia's admission to crucial advanced engineering science, such equally:

• drones and software for drones
• software for encryption devices
• semiconductors and advanced electronics

Extending the list of sanctioned persons and entities to include more oligarchs and business elites linked to the Kremlin, likewise as companies agile in military and defence areas, which are logistically and materially supporting the invasion

Merchandise restrictive measures: export and import bans

The Eu, in collaboration with the G7 countries and other agreeing partners, has stopped treating Russian federation every bit a Most-Favoured-Nation within the WTO framework as of 15 March. This deprives Russian federation of fundamental trade advantages as a WTO fellow member.

The EU has decided to act not through an increment on import tariffs, only through a set of sanctions that comprise bans on the imports or exports of goods, notably:

• an EU import ban on those steel products currently under European union safeguard measures. Increased import quotas will exist distributed to other 3rd countries to compensate
• an European union export ban on luxury goods to directly hit Russian elites
• an import ban on all forms of Russian coal
• additional import bans, including cements, safety products, woods, spirits, liquor, high-end seafood
• further targeted export bans – worth €10 billion – in areas in which Russian is vulnerable due to its high dependency on Eu supplies. This includes, for example, quantum computing, advanced semiconductors, sensitive machinery, transportation and chemicals. It also included specialist catalysts for use in the refinery manufacture. This will contribute to degrade Russia'southward technological base and industrial capacity
• calculation jet fuel and fuel additives, which may be used past the Russian army, to the existing export ban

FACT

• The export ban on EU luxury appurtenances will deprive Russian elites from appurtenances like cars, watches, and jewellery. The import ban will comprehend Russian emblematic products like vodka and caviar.
• The import ban on Russian coal affects one quaternary of all Russian global coal exports, amounting to €eight billion loss of revenue per year for Russia.
• On the consign side, the total value of all sanctions introduced so far is €22.eight billion. This represents 25% of the EU's export earlier the invasion.
• The ban of Russian imports represents a total value upwards to €17 billion of European union imports from Russia.

Excluding Russia from public contracts and European money

• Total prohibition on the participation of Russian nationals and entities in procurement contracts in the EU.
• Restrictions on financial and non-financial back up to Russian publicly owned or controlled entities under Eu, Euratom and Member States programmes. No new contracts or agreements with Russian public bodies or related entities will be concluded.

FACT

The Commission will terminate participation in all ongoing grant agreements to Russian public bodies or related entities, and suspend all related payments, nether Horizon 2020 and Horizon Europe, Euratom, and Erasmus+.

Visa measures

Suspension of visa-gratuitous travel for diplomats and visa facilitation for service passport holders and business people.

FACT Russian holders of diplomatic passports will no longer enjoy visa-free travel to the European union. Russian regime officials and business organisation people volition no longer enjoy facilitations such equally a lower visa fee when applying for a visa.

This will non affect Russian citizens generally, who will keep to have the aforementioned benefits under the Visa Facilitation Agreement as they do currently.

Sanctioning disinformation actors

The state-owned outlets Russia Today and Sputnik are essential and instrumental in supporting Russia's aggression against Ukraine. They constitute a significant and direct threat to the EU's public social club and security. This is why the EU has decided to sanction the Kremlin's disinformation and data manipulation assets.

Immediate suspension of transmission and distribution of Russia Today and Sputnik in or directed at the EU – such every bit via cablevision, satellite, IPTV, platforms, websites and apps. All relevant licences, authorisations and distribution arrangements are suspended.

EUvsDisinfo: Disinformation targeting Ukraine

These measures come on top of the sanctions agreed on 23 Feb in relation to Donetsk and Luhansk, in particular:

• an import ban on goods from these areas
• restrictions on trade and investments related to certain economic sectors
• a prohibition to supply tourism services
• an export ban for sure goods and technologies

Belarus

A parcel of sanctions against Republic of belarus hitting their well-nigh important sectors and individuals supporting the Russian war effort.

Sanctions to shut existing loopholes and impose farther import and consign restrictions on key economic sectors:

• Terminating the exemption for contracts concluded prior to the adoption of existing sanctions.
• Calculation new import prohibitions on potash, wood, cement, atomic number 26 and steel, and safety products and export prohibitions on certain types of machinery, dual-use goods and applied science, as well as other advanced appurtenances and technology which might contribute to Belarus' military, technological, defence and security evolution.
• targeted restrictive measures on loftier ranking members of Belarusian military personnel.
• SWIFT prohibitions similar to those for Russia, and further expanding the existing fiscal restrictions, in line with the measures already in place regarding Russia sanctions.

WTO accession process

In light of Republic of belarus' material back up to the Russian invasion, its accession process is suspended and the European union will not participate in any accretion-related work. This was confirmed in a articulation statement with other agreeing WTO members on 22 March.

FACT The sanctions will significantly reinforce the current sectoral measures, targeting 5 of the top 10 export sectors of the Belarusian economic system and the well-nigh important European union exports to Republic of belarus. The measures will now comprehend almost 70% of all Byelorussian exports to the European union.

"Freeze and Seize" Chore Forcefulness

The Commission has set up a "Freeze and Seize Task Forcefulness" to explore the links betwixt assets belonging to persons listed under Eu sanctions and criminal activities. While investigations and prosecutions are the responsibility of Member States, the aim of the Task Force is to strengthen coordination that is needed at operational level to ensure the effective enforcement of European union sanctions across all Member States.

The Task Strength is composed of the representatives of the Committee, contact points from each Fellow member State, Eurojust and Europol. It will coordinate its work with the "Russian Elites, Proxies, and Oligarchs (REPO) Task Strength" set up betwixt the G7 countries, Australia and the European Union. It will meet weekly and will remain operational for the time necessary.

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Source: https://ec.europa.eu/info/strategy/priorities-2019-2024/stronger-europe-world/eu-solidarity-ukraine/eu-sanctions-against-russia-following-invasion-ukraine_en

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