4th Package Of Russian Sanctions Approved

The European Union has approved a fourth round of sanctions against Russia, with member state ambassadors approving the following measures:

• "prohibit all transactions with certain state-owned enterprises,
• prohibit the provision of any credit rating services, as well as access to any subscription services in relation to credit rating activities, to any Russian person or entity,
• expand the list of persons connected to Russia’s defence and industrial base, on whom tighter export restrictions are imposed regarding dual-use goods and goods and technology which might contribute to Russia’s technological enhancement of its defence and security sector,
• prohibit new investments in the Russian energy sector, as well as a to introduce a comprehensive export restriction on equipment, technology and services for the energy industry,
• introduce further trade restrictions concerning iron and steel, as well as luxury goods.
• Furthermore, the Council decided sanction key oligarchs, lobbyist and propagandists pushing the Kremlin’s narrative on the situation in Ukraine as well as key companies in the aviation, military and dual use, shipbuilding and machine building sectors."

• EU is also removed Russia's 'most favoured nation' trading status with the bloc, following on from a G7 announvement several days ago.