European Union envoys have approved a new raft of sanctions against Russia, set to enter into force next week on the third anniversary of its full-scale invasion of Ukraine. The EU has been sidelined from U.S.-led talks to end the war. Since President Vladimir Putin ordered his troops into Ukraine in February 24, 2022, the EU has imposed several rounds of sanctions on Russia, targeting over 2,300 officials and entities, including government agencies, banks, and organizations.
The latest sanctions, the 16th package of measures, include travel bans, asset freezes, and trade restrictions. These measures were approved by EU ambassadors and are pending final endorsement by EU foreign ministers on Monday before they can take effect. Among the new sanctions are measures aimed at Russia's 'shadow fleet' of ships used to circumvent restrictions on transporting oil and gas or carrying stolen Ukrainian grain. Approximately 70 vessels believed to be part of the shadow fleet will be added to the existing list of over 50.
EU Commission President Ursula von der Leyen, whose services drafted some of the measures, expressed support for the adoption of the sanctions by the 27-nation bloc's ambassadors. She highlighted the EU's commitment to increasing pressure on the Kremlin by targeting more vessels in Putin's shadow fleet and imposing new import and export bans.
The sanctions will target almost 50 Russian officials, in addition to Putin and his associates, as well as scores of lawmakers. Dozens of entities will also face sanctions, including restrictions on 13 Russian banks and 3 financial institutions. Furthermore, the measures will place restrictions on the use of 11 ports and airports in Russia that the EU believes are aiding Moscow in bypassing oil price caps and other existing measures.
Trade bans on certain chemicals and aluminum are also part of the new sanctions package, as the EU continues to escalate its response to Russia's actions in Ukraine.
