EU announces new sanctions against Russia

The President of the European Commission, Ursula von der Leyen, has announced the 5th package of sanctions against Russia.

“Russia is waging a cruel, ruthless war, also against Ukraine’s civilian population. We need to sustain utmost pressure at this critical point. So today we are proposing a 5th package of sanctions”, she said.

Ursula von der Leyen posted the list of sanctions against Russia on Twitter: “1 – An import ban on coal from Russia, worth €4 billion per year, cutting another important revenue source for Russia.

2 – A full transaction ban on 4 key Russian banks, among them VTB, the 2nd largest Russian bank.

3 – A ban on Russian & Russian operated vessels from accessing EU ports and a ban on Russian and Belarusian road transport operators.

4 – Further export bans, worth €10 billion, in crucial areas: advanced semiconductors, machinery and transport equipment

5 – Specific new import bans, worth €5.5 billion euros.

6 – Targeted measures, such as a ban on participation of Russian companies in public procurement in and exclusion of all financial support, EU or national to Russian public bodies.