EU extends sanctions against Russia’s 1,473 individuals, 205 entities

13.03.2023 17:22

Ukrinform

The EU Council has decided to extend the restrictive measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for the next six months.

This is said in a statement published on the European Council’s website, Ukrinform reports.

“The Council decided today to prolong the restrictive measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for another six months, until 15 September 2023,” the document says.

It is noted that the existing restrictive measures provide for travel restrictions for natural persons, the freezing of assets, and a ban on making funds or other economic resources available to the listed individuals and entities. Sanctions will continue to apply to 1,473 individuals and 205 entities, many of which are targeted in response to Russia’s ongoing unjustified and unprovoked military aggression against Ukraine.

The document reminds that after 24 February 2022, in response to Russia’s military aggression against Ukraine, the EU massively expanded sanctions against Russia with the aim of significantly weakening Russia's economic base, depriving it of critical technologies and markets, and significantly curtailing its ability to wage war.

In the European Council conclusions of 9 February 2023, the EU reiterated its resolute condemnation of Russia’s war of aggression against Ukraine, which constitutes a blatant violation of the UN Charter, and has brought immense suffering and destruction upon Ukraine and its people.

“Russia must stop its atrocious war immediately. The European Union will stand by Ukraine with steadfast support for as long as it takes, and remains unwavering in its support for Ukraine's sovereignty and territorial integrity,” the document says.

As reported, since the beginning of Russia’s invasion on February 24, 2022, the EU has provides Ukraine with substantial political, economic, financial, military and humanitarian assistance. The EU has already approved 10 packages of individual and sectoral economic sanctions against Russia, which significantly undermine Russia's ability to finance its "war machine".