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The 12th package of sanctions against Russia brings additional import and export bans into force. Below is an overview of the content of the sanctions package.

Essentially, the measures will be tightened in four areas. Firstly, the sanctions list will be expanded to include over 140 additional natural and legal persons. Their assets will be frozen. In addition, a ban on the export of Russian diamonds to Europe has been imposed, among other things. The 12 sanctions package is also intended to make it even more difficult to circumvent the sanctions: For example, monitoring of the use of tankers to circumvent the oil price cap is to be intensified. The obligations in connection with the tracing of assets will also be tightened.

You can find more details on the individual sanction measures in the EU Commission’s press release in german language. Furthermore, in the Official Journal.

Source: EU Commission