The European Council has today issued a press release to advise that it will impose a fifth package of financial sanctions against Russia, in view of Russia's continued war of aggression against Ukraine, and the reported atrocities committed by Russian armed troops in Bucha and other places under Russian occupation.
The Council remains ready to act quickly in implementing robust financial sanctions on Russia and Belarus to limit Russia’s resources and its ability to continue the war of aggression. The Council has condemned the siege of Mariupol and other Ukrainian cities, the denial of humanitarian access by Russian military forces, and has urged Russia to provide safe pathways for the provision of humanitarian aid.
The package comprises:
The relevant legal acts will soon be published in the Official Journal. The Council’s press release can be found here.
Businesses should ensure that they stay abreast of updates within all targeted financial sanctions regimes applicable to their business and reinforce their compliance with these requirements.
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