Europe chose not to release the pressure on Russia. The 28 EU Member States have agreed to tighten economic sanctions against Russia, Thursday, Sept. 11.
Here are details of sanctions presented by the President of the European Council. They come into effect on Friday, 12 September.
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Capacity restrictions on access to capital
The restrictions of access of Russia to the capital markets in the EU have been strengthened. Thus, nationals and EU companies can no longer provide loans for five major Russian state-owned banks. In addition, transactions involving new obligations, new actions and new similar financial instruments – with maturities greater than 30 days and issued by the same banks – were banned
Funding. debt of three major Russian companies in the defense sector and three from the energy sector was also prohibited transactions involving their bonds and shares with maturities greater than 30 days included.
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No help in the exploration and production of oil
Services for the exploration and production of oil deepwater, exploration or production of oil in the Arctic and projects in the field of oil shale in Russia can not be provided, says the EU Presidency. *
s ‘These include drilling, well testing or logging, that is to say, the measure characteristics of the rocks traversed during a drill.
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Ban exports of military technology expanded
The ban on the export of goods and dual-use technologies for military purposes in Russia has been expanded. It includes a new list of new mixed companies in the defense sector to which dual-use goods from the EU can no longer be provided
Read & gt;. & Gt; Armament: France freeze the delivery of the Mistral to Russia
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A blacklist of 24 people
24 people will be added to the list of persona non grata on the territory of the EU. Their assets are frozen. These include people associated with actions against the territorial integrity of Ukraine: the new leaders of Donbass, members of the Crimean government. Policymakers and Russian oligarchs are also involved. A total of 119 people are now subject to sanctions, while 23 entities remain subject to a freeze of their assets in the EU.
In addition, the legal basis was expanded in order to impose a asset freeze and a ban from entering the EU territory to persons or entities transacting with separatist groups in the region of Donbass.
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Repeal Sanctions however possible by the end of September
The EU leads the way for cancellation penalties if the peace plan between Kiev and the pro-Russian separatist happen. It will conduct a “comprehensive assessment” progress of the peace plan in Ukraine by the end of September. EU plans based on this assessment, “to amend, suspend or repeal” sanctions against Russia, said Thursday, 11 September European Council President Herman Van Rompuy.
Russia, however, announced Thursday, Sept. 11 preparing new retaliate against Western countries that sanction. These include: restrictions on imports of some cars or products of light industry
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