Details of the 8th Package of Sanctions

by Olha Povaliaieva
Wednesday, October 5, 2022
Details of the 8th Package of Sanctions

On October 5, EU ambassadors approved a package of sanctions against Russia. Until October 6, the package will be ratified

Today, the president of the European Commission, Ursula von der Leyen, published a message on Twitter about adopting the 8th package of deterrent sanctions against Russian aggression.

"I welcome the Member States' agreement today on the 8th sanctions package. We have moved quickly and decisively. We will never accept Putin's sham referenda nor any kind of annexation in Ukraine. We are determined to continue making the Kremlin pay," Ursula von der Leyen.

EU ambassadors approve package details. Now the written publication and ratification of the package has been launched, which will end tomorrow by 10 a. m. Brussels time.

The main point of the package is to limit the price of oil, which was discussed a month ago. However, Hungary demanded the abolition of the price cap on pipeline and emergency sea supplies and also made every effort to remove the clause on sanctions in the field of nuclear energy from the package.

The package hastily adopted amid illegitimate Russian referendums in Ukraine also includes a €7.5 billion ban on trade with Russia and a legal framework to limit the price of oil. The 8th package of sanctions will globally affect the steel industry of the aggressor country and finally deprive the occupying army of modern international technologies.

A separate category of the package is personal sanctions against members of the Russian Ministry of defence, the puppet occupying "authority" in the annexed regions of Ukraine, and individuals who help the Kremlin circumvent sanctions.

The cherry on top: the package prohibits EU citizens from entering Russian companies' boards of directors.

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