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The Council of the European Union has officially approved the 14th package of economic and individual sanctions against Russia on 24 June.
This was announced on the official website.
“The Council adopted today a 14th package of economic and individual restrictive measures dealing a further blow to Putin’s regime and those who perpetuate his illegal, unprovoked and unjustified war of aggression against Ukraine. These measures are designed to target high-value sectors of the Russian economy, like energy, finance and trade, and make it ever more difficult to circumvent EU sanctions,” the report reads.
The package imposes restrictive measures on additional 116 individuals and entities.
This is the first restriction targeting Russian LNG (liquefied natural gas). The concept is to reduce the Russia’s revenues coming from the sale and transportation of LNG, hence, the EU will prohibit delivering the Russian LNG to third countries.
“Our sanctions have already significantly weakened the Russian economy and prevented Putin from accomplishing his plans to destroy Ukraine, although he still continues the illegal aggression targeting civilians and civilian infrastructure. The 14th package of sanctions demonstrates our unity in supporting Ukraine and seeking to limit Russia’s criminal activities against Ukrainians, including efforts to circumvent EU measures,” Josep Borrell, EU High Representative for Foreign Affairs and Security Policy, commented on the package.
Read also: €2.5 billion: Ukraine to receive first money from Russian frozen assets next week
