The European Union is expanding sanctions pressure on Russia: banks and the shadow fleet will be subject to restrictions

The European Union plans to approve a new package of sanctions against Russia on November 16. The restrictions are expected to cover about 150 individuals and organizations, as well as 50 Russian banks.

This was stated by Minister Delegate for European Affairs at the French Foreign Ministry, Benjamin Haddad, quoted by Reuters.

“On Monday, we will impose new sanctions against Russia – on 150 additional entities and 50 banks. It was France that proposed most of the candidates for inclusion in the lists,” said Addad.

According to him, France will continue to insist on increasing economic pressure on Moscow and will support Ukraine.

According to the agreed proposals, 12 individuals and 101 legal entities are planned to be added to the list of individuals and companies involved in undermining the territorial integrity and sovereignty of Ukraine. Among the latter are 50 Russian banks.

Another 30 individuals and one organization are proposed to be listed for involvement in Russia’s hybrid activities. A separate company is to be restricted for cybercrime. Sanctions are also planned to be imposed on companies that help ensure the operation of the Russian shadow fleet.

The final decision is to be made by the EU Foreign Affairs Council on November 16.

Recall that earlier, ambassadors of the European Union countries agreed on a new package of sanctions against Russia, which covers 144 individuals and legal entities.

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