EU Council on Monday adopted its 15th package of sanctions against Russia in an attempt to weaken Moscow’s military and industrial capabilities by targeting its export revenues.
The measures address the "circumvention of EU sanctions". The move is aimed at targeting Russia’s “Shadow fleet” of oil tankers, according to an official statement from the council.
It’s for the first time that “full-fledged” sanctions have been imposed on “different Chinese actors” that the EU alleges are supplying drone components to Moscow.
The “significant package” adopted on Monday consists of 54 individuals and 30 entities “responsible for actions undermining or threatening the territorial integrity, sovereignty, and independence of Ukraine,” the Council said.
The EU council has predominantly sanctioned Russian defence firms and shipping companies that transport crude oil and petroleum products by sea.
Apart from this, a chemical plant and civilian Russian airline considered “an important provider of logistical support” to the Russian military have also been sanctioned.
Meanwhile, apart from the Russian firms, a travel ban, an asset freeze, and a ban on providing economic resources were placed on “several Chinese actors supplying drone components and microelectronic components” to Russia, the council said.
The targeted entities are located in third countries, like India, China, Iran, and Serbia, and of the most economic partners of Russia, the United Arab Emirates, it said. Meanwhile, the council said it remains ready to slap “more sanctions” on Russia in the future.
Moscow has long criticised the measures targeting it's economy and trade, while many experts in both Russia and the West have said that unilateral sanctions do more harm to the countries that impose them than to Russia itself.
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