The European Commission has adopted a joint (High Representative-Commission) proposal for a new package of measures to maintain and strengthen the effectiveness of the EU’s six wide-ranging and unprecedented packages of sanctions against Russia.
This “maintenance and alignment” package clarifies a number of provisions to strengthen legal certainty for operators and enforcement by Member States. It also further aligns the EU’s sanctions with those of our allies and partners, in particular in the G7. Importantly, the package reiterates the Commission’s determined stance to protect food security around the globe.
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Ursula von der Leyen, President of the European Commission, said:
“Russia’s brutal war against Ukraine continues unabated. Therefore, we are proposing today to tighten our hard-hitting EU sanctions against the Kremlin, enforce them more effectively and extend them until January 2023. Moscow must continue to pay a high price for its aggression.”
Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy, said:
“The EU’s sanctions are tough and hard-hitting. We continue to target those close to Putin and the Kremlin. Today’s package reflects our coordinated approach with international partners including the G7. In addition to these measures, I will also present proposals to Council for the listing of more individuals and entities, with their assets frozen and ability to travel curtailed.”
In more detail
This package will introduce a new import ban on Russian gold, while reinforcing our dual use and advanced technology export controls. In doing so, it will reinforce the alignment of EU sanctions with those of our G7 partners. It will also strengthen reporting requirements to tighten EU asset freezes.
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The package also reiterates that EU sanctions do not target in any way the trade in agricultural products between third countries and Russia. Likewise, the text clarifies the exact scope of some financial and economic sanctions.
Finally, it is proposed to extend the current EU sanctions for six months, until the next review at the end of January 2023.
The package will now be discussed by Member States in the Council in view of its adoption.
More information: European Commission – Press Release