EU Agrees Fourth Package Of Russian Sanctions

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EU Agrees Fourth Package Of Russian Sanctions

The has this morning formally agreed to the fourth package of sanctions, including an asset freeze and travel ban on Roman Abramovich.

The full details are expected to be published in the Journal of the later today.

The sanctions include:

An EU import ban on a range of steel products.

A ban on new investment across the Russian energy sector, with limited exceptions for civil nuclear energy and the transport of certain energy products back to the EU.

An EU export ban on luxury goods (eg luxury cars, jewellery) over €300.

A ban on the rating of and Russian companies by EU credit rating agencies and the provision of rating services to Russian clients, which would result in them losing even further access to the EU’s financial markets.

The ban follows discussions among EU leaders in Versailles on Thursday and Friday.

Josep Borrell, the EU’s foreign affairs chief, said:

As President Putin’s war against Ukrainian people continues, so does our resolve to support and cripple the financing of Kremlin’s war machinery.

This fourth package of sanctions is another major blow to the economic and logistic base upon which relies on to carry out the invasion of Ukraine.

The aim of the sanctions is that President Putin stops this inhuman and senseless war.

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