EU Adopts 19th Sanctions Package Against Russia
Kaja Kallas shared the news via the US social media platform X, stating, "We just adopted our 19th sanctions package. It targets Russian banks, crypto exchanges, entities in India and China, among others."
In addition to these measures, the EU is restricting the movements of Russian diplomats "to counter the attempts of destabilization," Kallas explained.
She also emphasized that it is becoming "increasingly harder for (Russian President Vladimir) Putin to fund this war," referring to the ongoing conflict in Ukraine, which will soon mark its fourth anniversary.
The European Commission expressed support for the sanctions package, detailing its focus on critical sectors such as energy, finance, the defense industry, special economic zones, and those who enable or profit from Russia's military actions.
A statement from the Commission highlighted the broad scope of the measures, aiming to weaken Russia’s economic base in the long term.
One of the key elements of the sanctions package is the ban on importing Russian liquefied natural gas (LNG) from long-term contracts, which will come into effect on January 1, 2027.
Short-term contracts will be subject to the ban within six months of the sanctions being enforced.
Additionally, the package removes the exemption that allowed EU imports of oil and gas from Russia’s major state-owned companies Rosneft and Gazprom Neft.
Two Chinese refineries and an oil trader that are significant buyers of Russian crude oil have also been sanctioned.
Lastly, the new package adds 117 vessels to the list of sanctions from Russia's shadow fleet, bringing the total number of sanctioned vessels to 557.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
