⚡️🇪🇺 The European Union has just adopted the 12th package of sanctions against Russia.

The new sanctions include these key elements:

🔹 additional listings
🔹 trade measures, including on Russian diamonds
🔹 stricter asset freeze obligations
🔹 energy measures
🔹 stronger anti-circumvention measures

📄 Over 140 additional individuals and entities have been added to our list of persons subject to a freezing of their assets. The list of newly designated legal persons covers, among others, actors in the Russian military and defence, including military industry companies.

The new sanctions on Russian diamonds are part of a coordinated G7 effort to introduce an internationally coordinated diamond ban. It aims at depriving Russia of this important revenue stream estimated at €4 billion per year.

New measures restricting imports from Russia of certain metal goods. New export restrictions have been introduced on sensitive dual-use and advanced technologies that contribute to Russia’s military capabilities and technological enhancement. New entities are subject to tighter export restrictions for advanced technology items.

We will further hamper Russia’s capacities in its industrial sector. Restrictions in the area of services are an area where we have worked closely with our international partners, including the US and the UK.

We will ensure no one profits from EU companies with subsidiaries forcibly acquired by Russian owners/management. Neither when assets of deceased persons on the list could be used to finance the unprovoked and unjustified military aggression against Ukraine.

🛢To make it more difficult for Russia to sustain the war, we have tightened the international G7+ oil price cap, by introducing new measures to increase their effectiveness.

⛽️ The new import ban on certain types of liquified petroleum gases (LPG) will enter into force after a 12-month transition period. This represents approximately 6% of the EU’s total LPG intake from Russia in 2023.

European Commission #StandWithUkraine