EU approves contemporary set of sanctions in opposition to Russia

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LONDON:

The EU on Friday permitted its ninth sanctions bundle in opposition to Russia to step up strain on the nation, focusing on its economic system and figures who’ve performed instrumental roles within the struggle in Ukraine.

The bloc agreed on the contemporary wave of sanctions a number of days after EU overseas coverage chief Josep Borrell introduced that there was “no 100% agreement” between the EU overseas ministers with out detailing what the dispute was.

European Commission President Ursula von der Leyen on Friday welcomed the settlement between member international locations.

“It (sanctions package) focuses on tech, finance and media to push the Russian economy and war machine further off the rails,” Von der Leyen mentioned on Twitter.

It additionally sanctions almost 200 people and entities “involved in attacks on civilians and kidnapping children,” she added.

The bundle contains new export controls and restrictions on dual-use items to Russia, in addition to restrictions on mining investments within the nation.

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“This will ensure that key chemicals, nerve agents, night-vision and radio-navigation equipment, electronics and IT components that could be used by the Russian war machine cannot be freely traded. To avoid circumvention, some Russian-controlled entities based in illegally annexed Crimea or Sevastopol are also included in the list,” mentioned a press launch by the Council of the EU.

The prohibition will apply to manned in addition to unmanned aircrafts, it famous, including that this meant a “ban on the direct exports of drone engines to Russia and any third country that could supply drones to Russia.”

Also, the bloc will freeze the property of two Russian banks and add the Russian Regional Development Bank to its listing of Russian state-owned or managed entities topic to a full transaction ban.

The sanctions may even cowl media retailers equivalent to broadcasters NTV/NTV Mir, Rossiya 1, REN TV, and Pervyi Kanal.

“The Council initiated the process for suspending the broadcasting licences of four additional media outlets in order to address Russia’s systematic, international campaign of disinformation to destabilize its neighboring countries,” the assertion mentioned.