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Finance
  • News article
  • 16 December 2022
  • Directorate-General for Financial Stability, Financial Services and Capital Markets Union
  • 2 min read

EU agrees 9th package of sanctions against Russia

The Council of the European Union adopted the following additional measures

  • Additional listings: The EU has added almost 200 additional individuals and organisations to our list of people subject to a freezing of their assets. This includes the Russian armed forces, as well as individual officers and defence industry companies, members of the State Duma and Federation Council, ministers, Russian proxy authorities in occupied areas of Ukraine and political parties, among others. This list covers key figures involved in in Russia's brutal and deliberate missile strikes against civilians, in the kidnapping and abduction to Russia of Ukrainian children, and in the theft of Ukrainian agricultural products.
     
  • Additional EU export bans: New export restrictions have been introduced on sensitive dual-use and advanced technologies that contribute to Russia's military capabilities and technological enhancement. This includes drone engines, camouflage gear, additional chemical/biological equipment, riot control agents and additional electronic components found in Russian military systems on the battlefield.
     
    • Moreover, the most severe export restrictions have been extended to 168 additional Russian organisations closely linked to the Russian military-industrial complex in an effort to cut off their access to sensitive dual-use and advanced technology items. This brings the total number of organisations sanctioned to 410. This decision has been taken in close collaboration with our partners and includes military end-users working in various sectors such as aeronautics.
    • New export bans will extend to additional industrial goods and technology, such as toy/hobby drones, complex generator devices, laptop computers and computing components, printed circuits, radio navigational systems, radio remote control apparatus, aircraft engines and parts of engines, cameras and lenses.
       
    • An even wider range of business services can no longer be provided to Russia with the introduction of bans on market research and public opinion polling services, technical testing and analysis services, and advertising services.
       
  • Additional transactions bans for Russian banks: Three additional Russian banks have been sanctioned, including a full transaction ban on the Russian Regional Development Bank to further paralyse Putin's cash machines.
     
  • Additional bans on Russian media outlets: Four additional Russian channels have been sanctioned in the EU.
     
  • Cutting Russia's access to drones: The direct exports of drone engines to Russia is now restricted, as is the export to any non-EU countries, such as Iran, where there is a suspicion that they will be used in Russia. There are also additional economic measures against the Russian energy and mining sectors.

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