EU Sanctions on Russia: New Measures Approved, Chinese Companies Blacklisted

2024-02-21 15:05:37

EU approves new sanctions against Russia, Chinese companies blacklisted

21.02.2024

The European Union approved the thirteenth round of sanctions against Russia on Wednesday. The sanctions will take effect on Saturday, the second anniversary of Russia’s full-scale invasion of Ukraine, and for the first time target Chinese companies suspected of helping Russia obtain banned items.

(Deutsche Welle Chinese website) The European Union’s new round of sanctions against Russia comes as Russia makes progress on the battlefield and Ukraine struggles with a shortage of Western ammunition supplies. Since the sanctions already in effect have failed to curb Putin’s ability to continue waging an aggressive war,The EU is facing growing criticism

The new sanctions put nearly 200 entities and individuals on a blacklist prohibited from traveling to or doing business in the EU, and their assets in the EU will be frozen. These individuals and entities are accused of helping Moscow obtain weapons or being involved in the abduction of Ukrainian children.

New sanctions focus on cracking down onavoidance behavior, and targeting companies around the world accused of supporting Russian military procurement, particularly the supply chain that manufactures drones.Most of these companies are from Russia and alsoIncluding three companies from mainland China and one company based in Hong Kong. Also on the blacklist are companies from Türkiye and North Korea.

In addition, the EU will extend sanctions currently targeting about 2,000 companies and individuals for six months.

“Putin’s war machine must continue to be weakened”

EU High Representative for Foreign Affairs and Security Policy Borrell said: “With this plan, we will take more actions against entities, defense and military sectors involved in circumventing (sanctions).”

European Commission President Von der Leyen: Putin’s war machine must continue to be weakened

European Commission President von der Leyen said, “We must continue to weaken Putin’s war machine.” “We continue to exert tremendous pressure on the Kremlin and further restrict Russia’s access to drones.”

The new sanctions do not extend restrictions on Russian aluminum as disagreements remain over the issue. The new sanctions also do not cover those accused of responsibility for the death of Navalny, Putin’s most prominent critic.

(DPA, etc.)

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