The European Union has imposed two packages of sanctions on Russia for launching an 'unprecedented and unprovoked military attack against Ukraine'.
Russian President Vladimir Putin enters a hall before a meeting with members of the Security Council via a video link in Moscow, Russia February 25, 2022. Sputnik/Alexey Nikolsky/Kremlin via REUTERSFeb 26 - The European Union has imposed two packages of sanctions on Russia for launching an "unprecedented and unprovoked military attack against Ukraine".
According to the EU, the sanctions are designed "to cripple the Kremlin's ability to finance the war, impose clear economic and political costs on Russia's political elite responsible for the invasion and diminish economic base".This is a list of the measures imposed so far:The EU has blacklisted hundreds of additional people, many of them members of the Russian parliament who voted for the recognition of the breakaway regions in eastern Ukraine.
Still, Putin is now one of only three world leaders blacklisted by the EU, along with Syria's Bashar al-Assad and Alexander Lukashenko of Belarus. The blacklist currently includes 654 individuals and 52 entities in total.Sanctions targeting Russia's economy are designed to cut the country's access to EU capital markets, increase borrowing costs for those sanctioned and gradually erode its industrial base.
The sanctions also prohibit any form of lending and buying of securities by Russian banks and government, including the Russian central bank.
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