EU adopts sixth package of sanctions!!! Sanctions are targeted at the Russian economy and Kremlin!!!

The Commission and the High Representative stand ready to put forward additional sanctions in response to the evolution of Russia's aggression against Ukraine. Member States are responsible for the implementation of sanctions. To ensure that the six adopted packages are implemented as effectively and consistently as possible, the Commission is stepping up its outreach to stakeholders and authorities to provide guidance and share information and best practices. #eudebates the unique initiative aiming to promote debate, dialogue, knowledge, participation and communication among citizens. #PutinsWar #WAR #PUTIN #OilEmbargo #embargo #Russia #Ukraine #sanctions Today's package builds on the wide-ranging and unprecedented packages of measures the EU has been taking in response to Russia's acts of aggression against Ukraine's territorial integrity and mounting atrocities against Ukrainian civilians and cities. The EU stands united in solidarity with Ukraine, and will continue to support Ukraine and its people together with its international partners, including through additional political, financial and humanitarian support. The European Commission welcomes the adoption of the sixth package of restrictive measures against Russia. Sanctions are among the EU's most visible, direct and powerful responses to Russia's brutal and unprovoked attack on Ukraine, including systemic violence and atrocities against the civilian population. This package also imposes further sanctions against Belarus considering its involvement in this aggression. Together with the previous five packages, the sanctions adopted today are unprecedented and designed to further increase economic pressure on Russia and undermine its ability to wage its war on Ukraine. Like with previous sanctions packages, they have been coordinated with international partners. Today's package contains a complete import ban on all Russian seaborne crude oil and petroleum products. This covers 90% of our current oil imports from Russia. The ban is subject to certain transition periods to allow the sector and global markets to adapt, and a temporary exemption for pipeline crude oil to ensure that Russian oil is phased out in an orderly fashion. This will allow the EU and its partners to secure alternative supplies and minimises the impact on global oil prices. As regards export restrictions, today's package includes restrictions on chemicals that could be used in manufacturing chemical weapons. Beyond sanctions, the EU has made it clear that reducing our dependence on energy imports from Russia is an urgent imperative. The Commission adopted its REPowerEU Plan on 18 May 2022 to end dependence on Russian fossil fuels as soon as possible and to tackle the climate crisis. Based on a proposal by the High Representative, the EU has also today listed high-ranking military officers and other individuals who committed war crimes in Bucha and who are responsible for the inhuman siege of the city of Mariupol. It also includes entities involved in the military sector, and manufacturing equipment and software, used in Russia's aggression against Ukraine. The new listings include political, propaganda and business figures, and individuals with close ties to the Kremlin. With today’s package, we are increasing limitations to the Kremlin’s ability to finance the war by imposing further economic sanctions. We are banning the import of Russian oil into the EU and with this cutting a massive source of revenue for Russia. We are cutting off more of the key Russian banks from the international payment system SWIFT. We are also sanctioning those responsible for the atrocities that took place in Bucha and Mariupol and banning more disinformation actors actively contributing to President Putin’s war propaganda. Josep Borrell The agreed package includes a series of measures intended to effectively thwart Russian abilities to continue the aggression. Sanctions are targeted at the Russian economy, the Kremlin, its power base and those involved in Russia's unprovoked war against Ukraine. They aim to impair the Russian government's ability to finance its war against Ukraine and are calibrated to target those responsible and to incur high costs on the Kremlin. Sanctions impose a heavy, direct cost on Russia and impair its economic and financial ability to sustain its war efforts. In addition, sanctions are designed to maximise the broader negative impact on the Russian economy while limiting the consequences for EU businesses and citizens. We welcome EU companies' diligence in complying with the complex sanctions framework in place. Ensuring effective and full implementation of sanctions is key. This is primarily the responsibility of Member States. In this process, the European Commission is fully committed to assisting both Member States and EU operators in order to ensure consistent and full implementation across the EU.