In connection with the pseudo-referenda organized by Russia in the occupied Ukrainian territories, the President of the European Commission, Ursula von der Leyen, proposed on Wednesday a new, eighth package of sanctions against Russia. Speech incl. on further restriction of trade with Russia and on adding more than 1,000 people and entities to the “black list”.
We do not accept mock referenda and annexations of Ukrainian territories. We are determined that the Kremlin will pay for the escalation of the conflict. That is why we are proposing a new package of severe sanctions against Russia Ursula von der Leyen said at a press conference in Brussels.
The eighth package of sanctions proposed by the President of the European Commission includes, inter alia, a ban on the import of further Russian productswhich is expected to deprive Moscow of an additional EUR 7 billion of revenues, a ban on the export of key technologies used in the military (such as aviation components, electronics and chemicals) i forbidding citizens of European Union countries to sit on supervisory boards of Russian companies.
The proposal will now go to the 27 Member States of the European Union, among which there must be unanimity for the sanctions to be implemented.
It may take some time to come to an agreement, despite the fact that Russia has launched numerous nuclear threats against the West in recent days. Western states also strongly criticize Putin’s announcement of the partial mobilization and the conduct of pseudo-referenda in the occupied territories of Ukraine.
The head of EU diplomacy, Josep Borrell, called on the international community not to recognize the results of the pseudo-referenda organized by Russia in the occupied Ukrainian territories.
Thanks to illegal referenda, the Kremlin is doing the same as in Georgia in 2008 and six years later in the Crimea Borrell said and added that these are manifest violations of international law.
Borrell said the list of sanctioned individuals and entities will increase by 1,300 entries.
US State Department Sanctions Coordinator Jim O’Brien said that The United States is working with its allies to quickly impose severe economic sanctions on Russia because of organized pseudo-referenda.
O’Brien said he expected the administration of US President Joe Biden to announce new sanctions every six weeks on average. They target the Russian economy and the military equipment supply chain.
Earlier on Wednesday, the economic adviser to the President of Ukraine, Volodymyr Zelensky, Oleg Ustenko, appealed to the countries of the European Union, that these continue to restrict the flow of money to Russia.
If you do nothing, it means you are prolonging this war. This is just funny. The entire civilized world must be united in this – Ustenko told reporters.