EU imposes tough financial, technological sanctions on Russia’s 64 key agencies, companies

  26 February 2022    Read: 825
  EU imposes tough financial, technological sanctions on Russia’s 64 key agencies, companies

The European Union imposed tough financial and technological sanctions on Russia’s 64 key agencies and companies, including the Presidential Administration, the Defense Ministry, Foreign Intelligence Service, other government agencies and defense, energy, aircraft and financial sector companies, according to a regulation published in the EU Official Journal on Friday, AzVision.az reports citing TASS. 

The sanctions stipulate restrictions on access to EU financial services and technological restrictions.

"On 24 January 2022, the Council reiterated that any further military aggression by Russia against Ukraine would have massive consequences and severe costs," the regulation said. "In view of the gravity of the situation, on 25 February 2022 the Council adopted Decision and imposing further restrictive measures in various sectors, particularly defense, energy, aviation and finance."

Subject to sanctions are Oboronprom, Rosoboronexport, Sukhoi, Tupolev, Progress, Kalashnikov, Almaz-Antey, Uralvagonzavod, Russian Railways, Kamaz, Sovcomflot, Sevmash, Rustech-Azimut, United Shipbuilding Company and others.

The EU also sanctioned four banks: Alfa Bank, Otkritie, Rossiya and Promsvyazbank.


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