RUSSIA: STATEMENT ON EU NINTH PACKAGE OF SANCTIONS

On 7 December, a news release from the EU involved a statement by the President of the Commission.  She says that the EU is proposing to add almost 200 additional individuals and entities to its sanctions list. T his includes the Russian armed forces, as well as individual officers and defence industrial companies, members of the State Duma and Federation Council, ministers, governors and political parties, among others.  It also proposes to introduce sanctions against 3 additional Russian banks, including a full transaction ban on the Russian Regional Development Bank.  It also wants to impose new export controls and restrictions, particularly for dual-use goods. This includes key chemicals, nerve agents, electronics and IT components.  It wants to cut Russia’s access to all sorts of drones and UAV, with a ban on the direct exports of drone engines to Russia and the export to any third countries, such as Iran, which could supply drones to Russia.  It also plans to target the Russian propaganda machine by taking 4 additional channels off the air and all other distribution platforms; and impose further economic measures against the Russian energy and mining sector, including a ban on new mining investments in Russia.

https://ec.europa.eu/commission/presscorner/detail/en/STATEMENT_22_7568

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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