UPDATED: The 19th sanctions package includes extends the ban on all Russian imports of acyclic hydrocarbons, puts a ban on repairs of Budapest’s metro line, export ban of salts and ores, articles of rubber, tubes, tyres, millstones and construction materials to Russia and also extends the export ban list to Russia of items such as electronic components, rangefinders, additional chemicals used in the preparation of propellants, and additional metals, oxides and alloys. 45 new additional persons and entities have been sanctioned. Transactions from ports that break the oil price cap or are used in the transportation of UAVs and missile equipment to Russia are banned. Russian vessels, or vessels owned by Russians, can not be insured following five years their sale or transfer to new owners.
You can download the full sanctions package here.
The Danish Presidency has announced that EU member states have overwhelmingly approved the 19th sanctions package against Russia. The official document is still to be released, but it is expected to have recitals calling for European companies to fully divest from doing business in Russia.
The package also formalises the EU’s gradual ban on Russian oil and gas and officially bans Russian gas pipelines to Europe. A full ban on any gas imports comes into effect on January 1st 2028. The sanctions package shoots down any prospect of reopening gas pipelines with Russia.
The EU’s 19th sanctions package follows the wide-reaching sanctioning and full blocking by the US Treasury Department of Russia’s largest oil companies including Rosneft and Lukoil.
This article will be updated with further details.
Newsroom
Leave a Reply