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The foreign ministers of EU member states passed the largest single sanctions list against Russia at a meeting held in Luxembourg on the 12th, adding nearly 1,600 individuals and entities, mainly involving the Russian military industry. The European Council issued a statement on the same day saying that the targets of the new sanctions include 826 Russian companies and 743 individuals who are CEOs of these companies, and that the sanctions target midstream suppliers in the Russian military industry. The statement said that these companies provide key components for Russian weapons systems such as missiles, drones, and aircraft, covering fields such as semiconductors, microcircuits, communication equipment, radar, aerospace, ammunition, and optical and navigation systems. According to current EU regulations, the assets of sanctioned individuals and entities within the EU will be frozen, and the EU side is prohibited from directly or indirectly providing them with funds or economic resources. Listed individuals will also be subject to EU travel bans.
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The foreign ministers of EU member states passed the largest single sanctions list against Russia at a meeting held in Luxembourg on the 12th, adding nearly 1,600 individuals and entities, mainly involving the Russian military industry. The European Council issued a statement on the same day saying that the targets of the new sanctions include 826 Russian companies and 743 individuals who are CEOs of these companies, and that the sanctions target midstream suppliers in the Russian military industry. The statement said that these companies provide key components for Russian weapons systems such as missiles, drones, and aircraft, covering fields such as semiconductors, microcircuits, communication equipment, radar, aerospace, ammunition, and optical and navigation systems. According to current EU regulations, the assets of sanctioned individuals and entities within the EU will be frozen, and the EU side is prohibited from directly or indirectly providing them with funds or economic resources. Listed individuals will also be subject to EU travel bans.
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