Economics

Ambassadors of the EU agreed the 11th Package of Sanctions against Russia: what does it provide for

The European Commission believes that this will strengthen the fight against the bypass of sanctions and block the possibility of obtaining goods to be restricted. Ambassadors of the European Union agreed a new eleventh package of sanctions against the Russian Federation. This was reported on June 21 by the Swedish chairmanship of the EU Council on Twitter. "The package includes measures aimed at countering sanctions and individual listings," the message said.

Ursula von Der Lyen, the President of the European Commission greeted the initiative. On Twitter, she noted that it would strike another blow to Russia's military car. According to her, there will be an increase in export restrictions aimed at the Kremlin organization. This will not allow Russia to obtain in its hands goods that fall under sanctions.

Recall that on June 20, the European Statistical Agency reported that after the introduction of Western sanctions, Russian oil exports began to quickly lose its potential in the European market. Imports of raw oil and petroleum products from Russian In March 2023, the European Union collapsed by 90% compared to the average monthly in the previous three years.

Indicators of total oil imports from the Russian Federation to European countries did not decline to zero due to the fact that restrictions have exceptions that allow restricted oil imports under certain conditions. Also on Monday, June 19, the United Kingdom made changes to the legislation that will allow it to continue sanctions against Russia until the Russian Federation will pay full compensation to Ukraine.