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EU sanctions set to tighten the screw on Russian industry, society
(EurActiv, 29 Sep 2022) A comprehensive list of products, ranging from semiconductors to toilet paper, has been included in an additional EU sanctions package designed to increase pressure on the Russian economy as the war in Ukraine rages on.
The eighth package, currently in draft form and seen by EURACTIV, is being discussed between EU ambassadors this week and is likely to be finalised before an informal EU summit in Prague next Friday.
The European Commission proposal might prove particularly heavy for the Russian industry and citizens, as the list of sanctioned companies includes many big names, while restricted products span across multiple key sectors.
While the tensions between the West and Russia have triggered an energy crisis in Europe, the European Commission proposed to hit energy giants Transneft, Rosneft, and Gazprom Neft. The latter is the oil subsidiary of the Gazprom group, which has been at the centre of Moscow’s threat to shut down the gas supply.
Other state-owned companies on the draft sanctions list include defence conglomerates Rostec and Almaz-Antey, machine manufacturers Uralvagonzavod and Kamaz, aerospace companies Oboronprom and United Aircraft Corporation, shipbuilders Sevmash, Sovcomflot, Russian Maritime Register of Shipping and United Shipbuilding Corporation.
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EurActiv, 29 Sep 2022: EU sanctions set to tighten the screw on Russian industry, society
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