STORY
The Council of the European Union has adopted a further package of sanctions against Russia, targeting energy, banking, crypto services, shipping and military production. The measures include 218 new individual listings, comprising 48 people and 170 organisations, which the Council described as the largest batch of listings introduced by the EU in four years.
Asset freezes and restrictions have been imposed on 94 banks and major financial institutions, while transaction bans have been extended to another 33 Russian credit and financial institutions. The package also targets a bank in Kyrgyzstan, three other non Russian banks and 14 crypto service platforms based in several countries outside the European Union over alleged involvement in sanctions circumvention.
More than 40 vessels associated with Russia’s shadow fleet and several oil refineries in Russia and Belarus are included in the measures. The Council also listed more than 50 military industrial organisations, including bodies linked to the production of long range drones. The sanctions were adopted in response to Russia’s continuing war against Ukraine and will be implemented through the relevant EU regulations and decisions.