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New EU sanctions against Russia are in effect

The ninth package of EU sanctions against Russia over the war in Ukraine is in effect. According to legal texts published today in the Official Journal of the EU, the EU has imposed an asset freeze and entry ban on a further 141 persons and 49 entities.

Among them are several deputy prime ministers, ministers and companies from the defense and automotive industries. However, punitive measures against Energy Minister Nikolai Shulginov were not imposed due to pressure from Hungary. The country is heavily dependent on Russian energy supplies.

Trade and financial sanctions

Allegations against those affected include being responsible for actions or policies that undermine the territorial integrity, sovereignty and independence of Ukraine. The EU has already sanctioned more than 1,200 individuals and 118 organizations.

Furthermore, trade and financial sanctions are included in the ninth package of EU sanctions related to Russia’s war against Ukraine. Among other things, three other Russian banks are subject to sanctions – including the Russian Regional Development Bank, which will no longer be allowed to conduct transactions in or through the EU.

The EU also bans the export of drone engines to Russia and countries like Iran if it is suspected that the engines will end up in Russia. EU investments in Russian mining will also be banned in the future, with the exception of certain raw materials. Because of the war propaganda accusation, Russian media NTV/NTV Mir, Rossiya 1, REN TV and Pervyi channel were banned from broadcasting to all distribution channels.