EU to Expand Sanctions Against Russia with Over 200 Targets

Written by Henrik Rothen

Feb.06 - 2024 9:03 AM CET

EU to Expand Sanctions Against Russia with Over 200 Targets.

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The European Union is set to escalate its sanctions regime against Russia, targeting more than 200 individuals and entities, in response to the second anniversary of Russia's comprehensive invasion of Ukraine on February 24th.

According to a report by European Pravda, citing DPA and ntv, this forthcoming tranche of sanctions aims to significantly broaden the scope of those affected within the EU's financial jurisdiction. The measures will freeze the assets of a wide array of individuals and organizations, emphasizing those that enhance Russia's capacity for conflict through contributions to its defense, technology, and security sectors.

The proposed sanctions package is expected to encompass punitive actions against well beyond 200 individuals and companies, highlighting the EU's intent to tighten the noose on Russian war capabilities.

Despite prior speculations, the EU's 13th sanctions package against Russia will reportedly not introduce new import bans. There had been discussions within the EU about extending export prohibitions to additional Russian goods, including aluminium. However, the European Commission is set to introduce a sanctions proposal designed to face minimal resistance among EU member states, facilitating swift adoption.

Josep Borrell, the EU's High Representative for Foreign Affairs and Security Policy, during a visit to Poland on February 5th, confirmed the development of the 13th sanctions package.

He noted that while preparations are underway, a consensus on the final form of the sanctions has yet to be achieved. This strategic move by the EU reflects a continued commitment to pressuring Russia in light of its ongoing aggression in Ukraine, with a focus on unity and rapid action within the bloc.

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