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Brussels targets Russian officials, banks and industries in its ninth proposed sanctions package

The European Commission proposes a new round of sanctions on Russia in a bid to cripple Russian President Vladimir Putin’s war chest.

Brussels targets Russian officials, banks and industries in its ninth proposed sanctions package
08.12.2022 01:27
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The European Union on Wednesday proposed travel bans and asset freezes on almost 200 Russian officials and military officers as part of a new round of sanctions aimed at ramping up pressure on Moscow over its war in Ukraine.

The proposals were made by the EU’s executive branch, the European Commission. They must still be debated and endorsed by the 27 member countries, a process that routinely results in the commission’s suggestions getting watered down.

The targets of the latest recommended sanctions include government ministers, lawmakers, regional governors, and political parties.

“This list covers key figures in Russia’s brutal and deliberate missile strikes against civilians, in the kidnapping of Ukrainian children to Russia, and in the theft of Ukrainian agricultural products,” European Commission President Ursula von der Leyen said in a statement.

With a fresh raft of sanctions, the commission also intends to target the Russian defence industry and more Russian banks and wants to impose export controls and restrictions on products like chemicals, nerve agents, electronics, and IT components that could be used by the armed forces.

This would include “a full transaction ban on the Russian Regional Development Bank to further paralyse (Russian President) Putin’s cash machines,” von der Leyen said.

The EU also hopes to disrupt Russia’s access to unmanned aerial vehicles.

“We propose to ban the direct exports of drone engines to Russia and the export to any third countries, such as Iran, which could supply drones to Russia,” von der Leyen said.

In addition, the European Commission is recommending that EU members take action against Russia’s energy and mining sectors, including a ban on new mining investments, and that they move to take more Russian TV stations off the air in Europe.

For more watch the video above

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