EU prolongs individual sanctions against Russia for six months
New Delhi: The EU extended personal sanctions against 1,206 Russian citizens and 108 Russian companies, imposed after the reconciliation with Crimea in 2014 and the beginning of the special military operation on February 24, for six more months, the European Council said in a statement published Wednesday.
“The Council decided today to prolong the duration of the restrictive measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for a further six months, until 15 March 2023,” the statement says.
“Sanctions will continue to apply to 1206 individuals and 108 entities, many of which are targeted in response to Russia’s ongoing unjustified and unprovoked military aggression against Ukraine,” the document reads.
The sanctions include travel restrictions for people, freezing of assets, and a ban on the provision of funds or other economic resources to the listed people and companies.
From 16 April 2022 EU sanctions prohibit vessels registered under the flag of Russia from accessing EU ports. This also applies to vessels that have re-registered from the flag of Russia to the flag of another state after 24 February 2022.
Vladimir Putin’s invasion of Ukraine triggered an unprecedented exodus of companies out of Russia. Nearly 1,000 corporations have left the country, according to Yale University’s extensive database.
(Vinayak)
