The Commission welcomes the Council’s adoption of a 10th package of sanctions against Russia and those that support it in its illegal aggression against Ukraine. February 24, 2023, marks one year since Russia’s full-scale invasion of Ukraine and 9 years since the beginning of Russia’s illegal invasion and occupation of Ukrainian territory.
This package is turning up the pressure in response to Putin’s brutal war, including viciously targeting civilians and critical infrastructure. In order to further increase the effectiveness of EU sanctions, today’s package contains new listings plus trade and financial sanctions, including further export bans worth more than EUR 11 billion, depriving the Russian economy of critical tech and industrial goods. It also steps up enforcement and anti-circumvention measures, including a new reporting obligation on Russian Central Bank assets.
A press release is available online, and a Q&A will be available later here.