The EU approved the eighth package of sanctions against the Russian Federation in response to the annexation

Ukrainian News
06 October 2022, 15:59
06 October 2022, 15:59

The Council of the European Union on Thursday, October 6, 2022, approved the decision to introduce a new package of economic and individual sanctions against Russia in response to Russia's illegal annexation of Ukrainian territories. This is reported by "European Truth".

The agreed package introduces into the EU legislation the basis for setting the upper limit of prices for sea transportation of Russian oil to third countries and further restrictions on the sea transportation of crude oil and oil products to third countries, the press service of the Council of the EU reported.

"Under the sanctions, it will be prohibited to carry out maritime transportation and provide technical assistance, brokerage services, financing or financial assistance related to maritime transportation to third countries of crude oil (from December 2022) or petroleum products (from February 2023) that originating in or exported from Russia. It will be possible to provide transport and the specified services, if oil or oil products are purchased at the established maximum price level or cheaper," the message reads.

In addition, extra import restrictions are imposed on pulp and paper, cigarettes, plastics, and cosmetics, as well as items used in the jewelry industry, such as stones and precious metals, which generally generate significant revenues for Russia.

The sale, transfer of supply, or export of ancillary goods used in the aviation industry will also be restricted.

In addition, the package agreed on Thursday also includes the imposition of sanctions on individuals and legal entities involved in the organization of illegal "referendums", representatives of the defense sector, and those who spread disinformation about the war.

It is noted that the EU Council has also decided to expand the criteria for inclusion on sanctions lists to include the possibility of punishing those who facilitate the circumvention of EU sanctions.

"The decision of the Council of the EU also expanded the list of items of limited use that can contribute to Russia's military-technical improvement or the development of its defense and security sector. The list will now include certain electronic components, additional chemicals, and goods that can be used for capital punishment, torture, or other cruel, inhuman, or degrading treatment," the newspaper reported.

The Council of the EU introduces a ban on the sale, supply, transfer, or export of civilian firearms and their main components and ammunition, military equipment, paramilitary equipment, and spare parts.

The decision prohibits EU citizens from holding any positions in the management bodies of some Russian state-owned or state-controlled legal entities, organizations, or organs.

"Sanctions also provide for restrictions on crypto-assets, the provision of architectural and engineering services, as well as consulting services in the field of information technology and legal advice in Russia," the message says.

The Council also decided that from now on, the geographical coverage of the restrictions introduced on February 23, which include, in particular, a ban on the import of goods from the non-government-controlled areas of Donetsk and Luhansk regions, will also be extended to the territories of the Zaporizhia and Kherson regions not controlled by the Ukrainian government.