The European Union imposes new effective restrictions on Russia

03.06.2022 | 12:04

Today 3 June, the European Union adopted the first section of the sixth sanctions package that includes an impactful import ban on shipments of Russian oil. The package includes a ban on imports of refined oil products and exceptions for oil imports for countries whose location and infrastructure prevents them from quickly stopping oil imports by pipeline. The member states agreed to make efforts towards this goal.

They also agreed on removing Russia’s largest bank Sberbank and Belarusian bank Belinvest from the international specialised financial messaging services system (SWIFT). The same sanction was imposed on Russian banks Credit Bank of Moscow and Russian Agricultural Bank. Additionally, the European Union elaborated on export bans and restrictions on providing services.

18 entities and 65 individuals were added to the sanctions list for their involvement in Russia’s war in Ukraine that has taken many lives and caused enormous human suffering. The European Union updated the list of sanctions against Belarus with 12 individuals and 8 entities.

“I consider the agreement on restricting Russian oil imports the most important. It is the sale of fossil fuels that brings great revenue to Russia and allows it to finance the war it is waging, and offset the effect the sanctions imposed so far have on Russia’s economy and society,” Foreign Minister Liimets stressed. “This is why the French Presidency should be recognised for taking an important step forward with the agreements on the sanctions package.”

“Additionally, the European Union sanctions on Russia’s largest bank Sberbank and the murderers of Bucha, military officials and other individuals supporting the war against Ukraine are very significant,” Foreign Minister Liimets said. “It is now also prohibited to export chemicals from the European Union to Russia that could be used for chemical weapons.”

The European Union also imposed restrictions on the licences, advertising and incomes of media channels such as Rossiya RTR, Rossiya 24 and TV Center International, which is crucial for stopping the spread of disinformation and hate speech. The European Union also decided to ban a number of financial and consultation services that individuals and companies of the European Union can no longer provide to Russia or companies based in Russia.

All sanctions will be published in the Official Journal of the European Union.

Additional information on sanctions on the website of the Ministry of Foreign Affairs
 
EU sanctions map

Information site of the Council of the European Union

Additional information:
Communication Department
[email protected]

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