Home » World » European Union Imposes New Sanctions on Russia: Import Restrictions and Expanded List of Sanctioned Individuals and Entities

European Union Imposes New Sanctions on Russia: Import Restrictions and Expanded List of Sanctioned Individuals and Entities

It is expected that imports amounting to approximately five billion euros will be restricted, as well as the list of sanctioned persons will be expanded to include 120 individuals and legal entities, The Wall Street Journal reports.

The list of natural persons will be supplemented with 47 people, among them relatives of the highest Russian officials – the current and former president. For example, sanctions will be imposed against Anna Civileva, who was appointed by Vladimir Putin as the head of the state fund “Defenders of Fatherhood” in April. This fund helps soldiers and families involved in the war against Ukraine.

Tsivilyeva is the wife of Kemerovo Region Governor Sergey Tsivilyeva. According to “Agentstvo” reports, Civileva is a relative of Putin, the dictator handed over a large coal business to her family.

According to “The Guardian”, Ilya Medvedev is included in the latest list of sanctions – for spreading disinformation and propaganda campaign. His name and birth data match those of the son of Dmitry Medvedev, the Deputy Secretary of the Russian Security Council.

Ilya Medvedev, taking into account the information provided by “United Russia”, coordinated the creation of the “I’m in Russia” portal, developed by the Ministry of Digital Development to inform residents of the occupied territories of Ukraine.

The new package of sanctions includes sanctions against the export of Russian diamonds, which allowed Russia to earn around four billion dollars last year. These sanctions have been in the works since last year, but several EU countries opposed restrictions on the sector.

Under the new restrictions, all diamonds larger than a certain size (most likely between 0.5 and one carat) will receive a special label indicating their origin and the data will be recorded on the blockchain. Thus, the countries of the Big Seven will mark 80-90% of the world’s diamond stock. This will make it easy to distinguish between “legal” and “illegal” diamonds.

To assess what this ban will be, the G7 countries are currently deciding the effectiveness of these sanctions in Antwerp.

The European Commission also wants to impose new restrictions on Russian tankers carrying oil, in an effort to force traders not to buy Russian oil at a price higher than the price ceiling of $60 per barrel.

2023-11-16 12:15:00
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