The European Union (EU) agreed on 10 rounds of sanctions against Russia on the one-year anniversary of the Russian invasion of Ukraine.
Sweden, the presidency of the European Union, said on Twitter on the 24th that “EU member states are imposing the strongest and most extensive sanctions ever to help Ukraine win the war.”
“The EU is united with Ukraine and will continue to support Ukraine as long as it needs it,” he added.
The sanctions aim to more broadly block Russia from procuring the technology and equipment it needs to finance and weapons the war.
An EU diplomat told AFP that around 120 individuals, organizations, institutions and banks are subject to sanctions.
Another diplomat explained that there was no compromise from the proposed sanctions package.
Previously, the EU Commission proposed a sanctions package to member states, including an export ban worth 11 billion euros and about 15 trillion won in Korean money.
The sanctions include export restrictions on about 50 electronic components used in Russian weapon systems, including drones, missiles, and helicopters, and sanctions against groups that propagate or support the spread of Russia’s war will be strengthened.
Earlier, European Commission President Ursula von der Leyen said in a statement that the sanctions would include barring Russian companies from importing machine parts, antennas, cranes, special vehicles, truck and engine spare parts from third countries, including China. said it would.
It also blocks access to SWIFT, the internationally widely used financial transaction system, for more Russian banks, including Russia’s largest private bank Alphabank and digital bank Tincorp.
The EU reached an agreement two hours before midnight on the 24th after repeatedly failing to reach an agreement as Poland previously raised disagreements over the extent of sanctions exemption for synthetic rubber from Russia.
A Polish diplomat told dpa news agency that the country has agreed to a 10th round of sanctions on the condition that imports of synthetic rubber from Russia be checked regularly.
Details, such as the list of individuals and institutions subject to sanctions, will be published in the EU Official Journal on the 25th local time, and will take effect at the same time as the announcement.
Russia’s TASS news agency cited this part as the EU approved the sanctions, but “failed to send a symbolic gesture by imposing sanctions within 24 days, the first anniversary of the start of the special military operation.”
The EU intends to continue working on sanctions against Russia’s nuclear sector going forward.
In addition, dpa said it will continue to expand the scope of application of existing sanctions to prevent non-EU companies from supplying civilian items that could be used as weapons, such as drones, to Russia.
YTN Wonbae Kim ([email protected])
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