– The EU has imposed a range of sanctions against Russia for its aggression and annexation of Ukrainian territories, including individual sanctions, economic sanctions, and visa measures.
– Almost 1,950 individuals and entities, including high-ranking officials, military personnel, propagandists, and media organizations, are now under EU sanctions.
– These sanctions involve travel bans and asset freezes to prevent individuals from entering the EU or using their funds in EU banks.
– Import and export restrictions have been imposed on goods, with the EU aiming to hurt the Russian economy while minimizing harm to EU businesses and citizens.
– The sanctions also target specific goods, such as cutting-edge technology, machinery, energy-related products, and luxury items.
– The EU has prohibited the provision of certain services to Russia, including accounting, legal advice, and IT consultancy.
– The EU has imposed bans on international payments using SWIFT for specific Russian and Belarusian banks and prohibited transactions with the National Central Bank of Russia, impacting their ability to access foreign currency and manage their reserves.
– Kremlin-backed media outlets have had their broadcasting activities and licenses suspended due to their role in spreading propaganda and disinformation.

– The sanctions do not block the export of food and agricultural products to avoid impacting global food markets and food security.
– The EU has been working closely with international partners to coordinate sanctions and prevent circumvention of sanctions.
– Ultimately, the EU’s sanctions against Russia aim to apply pressure on individuals, entities, trade, and the banking system, with far-reaching impacts on the Russian economy.