European Union set to announce wide-ranging sanctions on Russia

The bloc is expected to sanction 351 members of the Russian state Duma that voted for recognition of the two territories, The Guardian reported

European Union
File Photo
IANS New Delhi
2 min read Last Updated : Feb 23 2022 | 8:11 PM IST

Russias Defence Minister, Sergei Shoigu, the commanders-in-chief of the Russian Air Force and Black Sea Fleet, leading state "propagandists" and 351 Duma deputies are expected to be targeted in EU sanctions to be announced later on Wednesday, The Guardian reported.

The measures, which need to be signed by EU foreign ministers, would go further than those announced by the US and a significant distance beyond Boris Johnson's Russia sanctions, the report said.

If approved, the EU will impose asset freezes and travel bans on 23 people, three banks and a notorious internet "troll factory" in St Petersburg, in response to Russian President Vladimir Putin's decision to recognise the self-proclaimed republics in Donetsk and Luhansk as independent states.

The bloc is also expected to sanction 351 members of the Russian state Duma that voted for recognition of the two territories, The Guardian reported.

The Russian government will also see further restrictions on its ability to raise money on EU financial markets. EU officials are drawing up measures to ban trade between the two Russian-controlled territories in eastern Ukraine, mirroring earlier sanctions on Crimea in 2014.

"Everyone seems onboard for the adoption of the sanctions," an EU diplomat said.

At the top of the sanctions list is Shoigu, because he is "ultimately responsible for any military action against Ukraine", said the draft list seen by The Guardian.

He is joined by Anton Vaino, Putin's Chief-of-Staff, who "plays an active role in decision making", as well as Igor Osipov, the Commander-in-Chief of the Black Sea Fleet, and Sergei Surovikin, the Commander-in-Chief of Russian Aerospace Forces.

--IANS

san/arm

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :European UnionRussiaVladimir PutinRussia Ukraine ConflictNATO alliance

First Published: Feb 23 2022 | 8:11 PM IST

Next Story