April 1, 2023

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Norway restricts access of Russian fishing boats to its ports

New EU sanctions against Russia came into force after the annexation

The sanctions, approved by the European Union on Wednesday, came into effect on Thursday. Member States have been deliberating since last week Eighth collection Sanctions imposed on Russia since its invasion of Ukraine began on February 24.

These new measures are published Official Gazette of the European Union, a “In response to Russia’s escalation of the illegal war it has continued to wage against Ukraine, particularly illustrated by the annexation of Ukrainian territories after fake “referendums”, the mobilization of additional troops and the publicly branded nuclear threat”The European Commission says.

This EU sanctions package introduces new import barriers worth 7 billion euros to reduce Russian revenues. Specifically, it includes a ban on imports of iron and steel products, machinery and equipment, plastics, vehicles, textiles, footwear, leather, ceramics, certain chemicals and non-gold jewellery.

The new export restrictions are aimed at undermining Russia’s ability to develop its defense and defense sector. They are particularly concerned “A ban on exports of coal, including coking coal (used in Russian industrial sites), certain electronic components (found in Russian weapons), technical products used in the aviation industry and certain chemical products, says the European executive. A ban on the export of small arms is also planned.

In addition, thirty individuals and seven companies were blacklisted, which included a total of more than 1,300 names, subject to asset freezes and bans on staying in the EU. Persons and Institutions Incorporated “Russia has engaged in occupation, illegal annexation and fake “referendums” in the occupied territories of Donetsk, Luhansk, Kherson and Zaporizhia. ». They include senior officers and military personnel, as well as companies that support the Russian armed forces.

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Bans on crypto-assets have been tightened, and the range of services the Russian government can no longer provide has been expanded.

The EU ban on seaborne imports of Russian crude oil is set to be fully maintained. “The price cap, once implemented, will allow European operators to transport Russian oil to third countries, the price of the latter being below a pre-established ceiling”In coordination with G7 partners, the Commission refers to the action, “Effective after December 5, 2022 for crude oil and after February 5, 2023 for refined petroleum products, subject to further decision of the Board” (Member States).