The 21st package also targets Russian banks, financial institutions in third countries and 30 oil tankers from Russia’s 'shadow fleet'
The European Commission has unveiled a fresh package of sanctions on Russia, in Brussels’ latest effort to pressure Moscow to end its war on Ukraine.
Ursula von der Leyen said on Tuesday that the new round of restrictive measures – the bloc’s 21st since Russia’s full-scale invasion of Ukraine in February 2022 – would freeze the EU’s adjustable price cap on Russian oil exports until January next year.
The package also includes proposed transaction bans on 31 Russian banks, 20 financial institutions in third countries, and 30 additional oil tankers belonging to Russia’s ‘shadow fleet’, which uses obscure forms of insurance to circumvent Western restrictions on Moscow’s energy exports.
The package also proposes further restrictions on Moscow’s ability to import dual-use technologies from the EU and, for the first time, restrictions on Russian fisheries, including a complete ban on Russian cod exports. Russian citizens who have served in the country’s armed forces since the full-scale invasion would also be banned from entering the EU, von der Leyen said.
