European Commission Sanctions Russia On Multiple Bases

European Commission Sanctions Russia On Multiple Bases

The European Commission has announced that multiple sanctions has been placed on Russia, including freezing Russia’s financial assets accross the European Union.
The agreed package includes:

  • sanctions against the 351 members of the Russian State Duma (parliament’s lower house), who voted on 15 February in favour of the appeal to President Putin to recognise the independence of the self-proclaimed Donetsk and Luhansk ”republics”
  • sanctions against an additional 27 individuals and entities who have contributed to the undermining or threatening of the territorial integrity, sovereignty and independence of Ukraine
  • restrictions on economic relations with the non-government controlled areas of Donetsk and Luhansk oblasts
  • restrictions on the ability of the Russian state and government to access the EU’s capital and financial markets and services

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