Union set

European Union set to announce far-reaching sanctions against Russia

Russian Defense Minister Sergei Shoigu, commanders-in-chief of the Russian Air Force and Black Sea Fleet, top state ‘propagandists’ and 351 Duma deputies are expected to be targeted by EU sanctions to be announced later on Wednesday, The Guardian reported. .

The measures, which must be signed by EU foreign ministers, would go further than those announced by the United States and well beyond Boris Johnson’s sanctions against Russia, according to the report.

If approved, the EU will impose asset freezes and travel bans on 23 people, three banks and a notorious internet ‘troll factory’ in St Petersburg, in response to Russian President Vladimir Putin’s decision to recognize the self-proclaimed republics of Donetsk and Luhansk as independent states.

The bloc is also expected to sanction 351 members of Russia’s State Duma who voted to recognize the two territories, The Guardian reported.

The Russian government will also see new restrictions on its ability to raise funds in EU financial markets. EU officials are drawing up measures to ban trade between the two Russian-held territories in eastern Ukraine, mirroring earlier sanctions against Crimea in 2014.

“Everyone seems to be in favor of adopting the sanctions,” an EU diplomat said.

At the top of the sanctions list is Shoigu, as he is “ultimately responsible for any military action against Ukraine”, according to the draft list seen by The Guardian.

He is joined by Anton Vaino, Putin’s chief of staff, who “plays an active role in decision-making”, as well as Igor Osipov, the commander-in-chief of the Black Sea Fleet, and Sergei Surovikin , the Commander-in-Chief of the Russian Aerospace Forces.



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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