EU adopts 19th package of sanctions against Russia
New export restrictions and export bans
The European Commission (EC) today announced that EU member states have adopted the 19th package of sanctions against Russia that aims to significantly increase pressure on Russia's war economy by targeting sectors such as energy, finance, the military-industrial base, and special economic zones.
According to the EC release, notable trade measures in the 19th package include:
- Individual sanctions of businesspersons and companies forming part of the Russian military-industrial complex, and operators from UAE and China producing or supplying military and dual-use goods to Russia
- New export restrictions on additional dual-use items and advanced technologies, including metals for the construction of weapon systems and products used in the preparation of propellants that are not yet subject to sanctions
- New export bans on items such as salts and ores, constructions materials and articles of rubber