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EU Council Unveils New Sanctions on Russia

© Flickr / Rock CohenStrengthened EU sanctions against Russia will enter into force upon the publication of the legal acts in the EU Official Journal on Friday.
Strengthened EU sanctions against Russia will enter into force upon the publication of the legal acts in the EU Official Journal on Friday. - Sputnik International
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The European Council on Thursday officially unveiled additional restrictive measures against Russia adopted earlier this week.

BRUSSELS, September 11 (RIA Novosti) - The European Council on Thursday officially unveiled additional restrictive measures against Russia adopted earlier this week.

According to a EC statement, the strengthened sanctions will affect Russia’s energy, finance and defense sectors, as well as 24 individuals allegedly “involved in actions against Ukraine's territorial integrity,” including several Russian decision-makers and oligarchs.

“EU nationals and companies may no more provide loans to five major Russian state-owned banks. At the same time, trade in new bonds, equity or similar financial instruments with a maturity exceeding 30 days, issued by the same banks, has been prohibited,” the statement said.

“Debt financing to three major Russian defense companies and three major energy companies has also been prohibited, also in relation to trade in their bonds and equity with a maturity of more than 30 days,” the document said without specifying the entities.

“At the same time, the ban on exporting dual use goods and technology for military use in Russia has been extended to also include a list of nine mixed defense companies that must not receive dual use goods from the EU,” it said.

Strengthened EU sanctions against Russia will enter into force upon the publication of the legal acts in the EU Official Journal on Friday.

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