The European Commission has welcomed the Council's adoption of an eighth package of hard-hitting sanctions against Russia for its aggression against Ukraine. This package responds to Russia's continued escalation and illegal war against Ukraine, including by illegally annexing Ukrainian territory based on sham referenda, mobilizing additional troops, and issuing open nuclear threats. It includes, for example, a ban on the import of Russian finished and semi-finished steel products, subject to a transition period for some semi-finished. Temporary exemptions have been granted, with slab imports permitted up to a quota exceeding 3.7 million tonnes per year until 2024. This package introduces new EU import bans worth EUR 7 billion to curb Russia's revenues, as well as export restrictions, which will further deprive the Kremlin's military and industrial complex of key components and technologies and Russia's economy of European services and expertise. The sanctions also deprive the Russian army and its suppliers from further specific goods and equipment needed to wage its war on Ukrainian territory. The package also lays the basis for the required legal framework to implement the oil price cap envisaged by the G7. Additional individuals and entities have been sanctioned. This targets those involved in Russia's occupation, illegal annexation, and sham referenda in the occupied territories & oblasts of Donetsk, Luhansk, Kherson, and Zaporizhzhia regions. It also includes individuals and entities working in the defence sector, such as high-ranking and military officials, as well as companies supporting the Russian armed forces. The EU also continues to target actors who spread disinformation about the war. EU restrictive measure target key decision makers, oligarchs, senior military officials and propagandists, responsible for undermining Ukraine's territorial integrity. Additional export restrictions have been introduced which aim to reduce Russia's access to military, industrial and technological items, as well as its ability to develop its defence and security sector. This includes the banning of the export of coal including coking coal (which is used in Russian industrial plants), specific electronic components (found in Russian weapons), technical items used in the aviation sector, as well as certain chemicals.
The European Commission has welcomed the Council's adoption of an eighth package of hard-hitting sanctions against Russia for its aggression against Ukraine. This package responds to Russia's continued escalation and illegal war against Ukraine, including by illegally annexing Ukrainian territory based on sham referenda, mobilizing additional troops, and issuing open nuclear threats. It includes, for example, a ban on the import of Russian finished and semi-finished steel products, subject to a transition period for some semi-finished. Temporary exemptions have been granted, with slab imports permitted up to a quota exceeding 3.7 million tonnes per year until 2024. This package introduces new EU import bans worth EUR 7 billion to curb Russia's revenues, as well as export restrictions, which will further deprive the Kremlin's military and industrial complex of key components and technologies and Russia's economy of European services and expertise. The sanctions also deprive the Russian army and its suppliers from further specific goods and equipment needed to wage its war on Ukrainian territory. The package also lays the basis for the required legal framework to implement the oil price cap envisaged by the G7. Additional individuals and entities have been sanctioned. This targets those involved in Russia's occupation, illegal annexation, and sham referenda in the occupied territories & oblasts of Donetsk, Luhansk, Kherson, and Zaporizhzhia regions. It also includes individuals and entities working in the defence sector, such as high-ranking and military officials, as well as companies supporting the Russian armed forces. The EU also continues to target actors who spread disinformation about the war. EU restrictive measure target key decision makers, oligarchs, senior military officials and propagandists, responsible for undermining Ukraine's territorial integrity. Additional export restrictions have been introduced which aim to reduce Russia's access to military, industrial and technological items, as well as its ability to develop its defence and security sector. This includes the banning of the export of coal including coking coal (which is used in Russian industrial plants), specific electronic components (found in Russian weapons), technical items used in the aviation sector, as well as certain chemicals.
