Brussels: The European Commission has proposed its 19th package of sanctions against Russia today, over the war in Ukraine. All 27 EU Member states will now discuss the package and adopt it unanimously.
Here are the details of what is proposed in the new sanctions package:
Energy Measures
EU has proposed a ban on Russian LNG (liquefied natural gas) from Jan. 1, 2027, bringing forward the date from Jan. 1, 2028 that was earlier proposed to member states via other legal texts. Experts have attributed US pressure on the EU for this move.
Further the measures include:
- Continuance of an EU ban on trans-shipments of Russian LNG which was put forth in the previous sanctions package
- The EU will list 118 new vessels in Moscow’s ‘shadow fleet’, bringing the total to over 560
- Ban on re-insuring listed vessels and reinsurance for used Russian aircraft
- Ends exemptions for Russian oil companies Rosneft and Gazpromneft
- List oil traders, refineries and petrochemical companies in third countries that breach sanctions including in China and India
Financial Measures
- A full transaction ban on more Russian banks and their operations in third countries
- A full transaction ban on cryptocurrency platforms as well as restrictions on crypto-services for Russian nationals
- Restriction on the Russian credit card system (MIR) and fast payments system (SBP) EXPORT BANS
- Tighter export controls on an additional 45 Russian and third country entities, including in China and India
- Bans on chemicals, metal components, salts, and ores useful to Russia’s military
- Bans on investment in certain Special Economic Zones in Russia relevant for the war effort with the option to extend to list ports outside Russia used for weapons transfers or the shadow fleet
- Bans on high-tech services including geospatial information, AI, and high-performance computing
- Restrictions related to tourism in Russia
Children
* Sanctions on individuals involved in the abduction and indoctrination of Ukrainian children
(This is a developing news story. Inputs via new agencies)
