SANCTIONS

The EU has passed its 8th set of sanctions against Russia, in response to the country’s continued escalation and illegal war against Ukraine, including by illegally annexing Ukrainian territory based on sham “referenda”, mobilising additional troops, and issuing open nuclear threats, the European Commission said in a release. This package introduces new EU import bans worth 7 billion euros 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. Also, additional individuals and entities have been sanctioned. EU restrictive measure target key decision makers, oligarchs, senior military officials and propagandists, responsible for undermining Ukraine’s territorial integrity, the release also reads.