Source link : https://london-news.net/eu-intensifies-sanctions-to-weaken-russian-military-financing-amid-ongoing-ukraine-conflict/
On Thursday, the European Union announced its 19th set of sanctions against Russia in response to the invasion of Ukraine. The new measures are aimed at undermining Moscow’s crucial energy revenues, financial systems, and technology supply chains.
These economic sanctions also target Belarus, Chinese firms, and cryptocurrency platforms, all with the goal of further restricting Russian President Vladimir Putin’s capacity to finance the military effort and penalize his supporters.
Kaja Kallas, the EU’s foreign policy chief, stated, “It is becoming increasingly challenging for Putin to fund his war. Each euro we withhold from Russia is a euro they cannot allocate to military operations.”
The sanctions package includes a prohibition on imports of Russian liquefied natural gas starting January 1, 2027, with a six-month ban on short-term agreements, as well as enhanced restrictions on the oil corporations Rosneft and Gazprom Neft.
Additionally, the EU has barred 117 “shadow fleet” tankers from accessing its ports and services, raising the total to 557. Estimates from Brussels suggest that the number of “shadow fleet” vessels assisting Russia in bypassing Western oil price restrictions could reach as many as 1,400.
Controls have also been implemented regarding the travel of Russian diplomats suspected of espionage, requiring them to inform or seek authorization prior to traveling from one EU country to another within the visa-free Schengen zone.
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Publish date : 2025-10-25 15:14:00
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