EU adopts 9th package of sanctions against Russia

On December 16^th, the Council of the European Union adopted a ninth package of new measures intended to step up pressure on Russia and its government.

The package includes the following measures:

• Export controls and restrictions: Imposed new export controls and restrictions on dual-use goods and technology as well as goods and technology that can contribute to the technological enhancement of Russia’s defence and security sector by significantly expanding the list of entities connected to Russia’s military and industrial complex by additional 168 entities targeted by sectoral measures. 
  
  Furthermore, the EU will expand the export ban on aviation and the space industry related goods and technology to include aircraft engines and their parts. This prohibition will apply to both manned and unmanned aircrafts, meaning that from now on there will be a ban on the direct exports of drone engines to Russia and any third country that could supply drones to Russia.

• Banking Sector: Imposed an asset freeze against two additional Russian banks and add the Russian Regional Development Bank to the list of Russian State-owned or controlled entities that are subject to a full transaction ban.

• Broadcasting: The EU and its member states, the Council initiated the process for suspending the broadcasting licences of four additional media outlets: NTV/NTV Mir, Rossiya 1, REN TV and Pervyi Kanal. 

• Consulting services: a ban on the provision of EU advertising, market research and public opinion polling services, as well as product testing and technical inspection services to the Russian Federation.

• Energy and mining sectors: The EU will expand the prohibition targeting new investments in the Russian energy sector by additionally prohibiting new investments in the Russian mining sector, with the exception of mining and quarrying activities involving certain critical raw materials.

• Others: EU nationals will be forbidden from holding any posts on the governing bodies of all Russian State-owned or controlled legal persons, entities or bodies located in Russia.

• Individual listings: In addition to economic sanctions, the Council decided to adopt a comprehensive package of individual measures both in number and content with list a very significant number of additional individuals and entities.

For more details, please refer European Council : https://www.consilium.europa.eu/en/press/press-releases/2022/12/16/russia-s-war-of-aggression-against-ukraine-eu-adopts-9th-package-of-economic-and-individual-sanctions/