Russia has escalated the invasion of Ukraine to a new level.
And we are determined to make the Kremlin pay the price for this further escalation.
Today, we are proposing a new package of biting sanctions against Russia ↓
twitter.com/i/broadcasts/1…
And we are determined to make the Kremlin pay the price for this further escalation.
Today, we are proposing a new package of biting sanctions against Russia ↓
twitter.com/i/broadcasts/1…
1) New listing of individuals and entities
2) Further restriction of trade:
• New import bans on Russian products, depriving the 🇷🇺 economy of €7 billion in revenues
• More products that cannot be exported to 🇷🇺, in particular key technologies needed for its war machine
2) Further restriction of trade:
• New import bans on Russian products, depriving the 🇷🇺 economy of €7 billion in revenues
• More products that cannot be exported to 🇷🇺, in particular key technologies needed for its war machine
Russia should not benefit from European brainpower and expertise.
So we propose:
• Additional bans on providing European services
• Prohibition for EU nationals to sit on governing bodies of Russian state-owned companies
So we propose:
• Additional bans on providing European services
• Prohibition for EU nationals to sit on governing bodies of Russian state-owned companies
3) A legal basis for an oil price cap.
Some developing countries still need some Russian oil supplies, at low-prices.
This cap will help reduce Russia’s revenues and keep global energy markets stable.
Some developing countries still need some Russian oil supplies, at low-prices.
This cap will help reduce Russia’s revenues and keep global energy markets stable.
4) We are stepping up our efforts to crackdown on circumvention of sanctions.
Therefore, we are adding a new category to be able to list individuals if they circumvent our sanctions.
This will have a major deterring effect.
Therefore, we are adding a new category to be able to list individuals if they circumvent our sanctions.
This will have a major deterring effect.
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