The Council of the European Union decided today to impose a fourth package of economic and individual sanctions in response to Russia’s ongoing military aggression against Ukraine.
The Council decided to:
Furthermore, the Council decided to sanction key oligarchs, lobbyists and propagandists pushing the Kremlin’s narrative on the situation in Ukraine as well as key companies in the aviation, military and dual use, shipbuilding and machine building sectors.
Separately, the Council gave a green light to the European Commission to join, on behalf of the EU, a plurilateral statement of the World Trade Organization (WTO) on Russian aggression against Ukraine with the support of Belarus. The EU confirmed its readiness to take any actions that are considered necessary to protect its essential security interests. These may include actions in support of Ukraine, or actions to suspend concessions or other obligations with respect to Russia, such as the suspension of most-favoured-nation treatment to Russian products and services. The EU also considers that Belarus’ WTO accession process is to be suspended.
“This fourth package of sanctions is another major blow to the economic and logistic base upon which Russia relies on to carry out the invasion of Ukraine. The aim of the sanctions is that President Putin stops this inhuman and senseless war,” said Josep Borrell, EU High Representative.
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