EU to propose 21st package of sanctions targeting Russia's banks
The package targets 31 Russian banks and 30 shadow fleet ships, while leaving alumina exports and the Aughinish refinery off the list.
- The European Commission is preparing its 21st sanctions package against Russia, targeting banking and cryptocurrency networks to increase financial pressure on Moscow.
- Following Russia's invasion of Ukraine more than four years ago, the European Commission is targeting financial networks to restrict sanctions evasion through banking and cryptocurrency platforms.
- Proposed sanctions could affect up to 90 Russian banks, bringing the total to over 100, with an additional ban on transactions with 35 Russian banks and cryptocurrency platforms.
- EU foreign policy chief Kaja Kallas will raise the Aughinish Alumina controversy with Taoiseach Miche and Martin during a meeting in Dublin this morning, though the refinery remains excluded from sanctions.
- Member states will spend several weeks assessing the package before it becomes law, while the Limerick refinery remains excluded despite providing more than 30% of Europe's alumina needs.
138 Articles
138 Articles
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On Tuesday, June 9th, the EU Commission unveiled its proposals for the 21st instalment of sanctions against Russia, aimed at weakening Putin’s war machine and forcing Moscow to abandon its goals in Ukraine. According to the EU’s High Representative for Foreign Affairs, Kaja Kallas, the 21st sanctions package is the largest set of listings in over two years, with over 170 individual measures targeting mainly Russia’s bank and energy sector, as we…
Ursula von der Leyen detailed the 21st package of sanctions since the beginning of the war in Ukraine, which began in February 2022. She proposes inter alia to ban Russian ex-combatants in Ukraine from entering the European Union.
EU Proposes Visa Ban on Russian Ex-combatants and Proxies as Part of New Sanctions over Ukraine War
Get latest articles and stories on World at LatestLY. According to Kallas, the proposed sanctions package includes more than 170 new listings, making it the largest set of sanctions proposals put forward by her office in over two years. The measures target Russia's financial sector, energy industry and drone production network. World News | EU Proposes Visa Ban on Russian Ex-combatants and Proxies as Part of New Sanctions over Ukraine War.
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