European Union readies proposal for 17th round of sanctions against Russia
The 17th round of EU sanctions against Russia, finalized earlier this week, aims to intensify restrictions and limit Moscow's evasive tactics. The new measures target numerous individuals and entities, primarily focused on Russia's military support, sanctions circumvention, and the so-called "shadow fleet."
To be precise, the European Commission is suggesting sanctions for more than 50 individuals and entities, including those based in China, as well as 31 companies supporting Russia's military or involved in bypassing existing restrictions. The plan also calls for blacklisting over 100 vessels as part of an initiative to combat Russia's "shadow fleet," known for its role in circumventing Western sanctions.
Moreover, the sanctions put forth stricter export controls on dual-use goods and advanced technologies, with one source noting that the goal is to demonstrate that the 27 EU members remain united against Russia.
In addition, the proposed sanctions include an extension of the exemption for the Russian Sakhalin-2 oil and gas project until June 2026 due to its importance to Japan.
As these new sanctions work their way through the approval process, it's essential to understand that all 27 EU member states must unanimously approve them. They may undergo modifications before final adoption.
Sources: Reuters (citing three European diplomats), European Pravda, and additional enrichment data.
- The new EU sanctions against Russia, currently going through approval, are intended to tighten restrictions and hinder Moscow's evasive tactics, such as sanctions circumvention and the "shadow fleet."
- The European Commission has proposed sanctions for over 150 individuals, entities, and vessels, many of which are based in China and support Russia's military or circumvent existing restrictions.
- The sanctions include stricter export controls on dual-use goods and advanced technologies, aimed at demonstrating the EU's unity against Russia in war-and-conflicts and policy-and-legislation.
- Notably, the proposed sanctions extend the exemption for the Russian Sakhalin-2 oil and gas project until June 2026, due to its significance to Japan, under the purview of general-news.
