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3 Jun, 2022 16:39 HomeWorld News What’s in EU’s 6th package of anti-Russian sanctions? Brussels seeks to back Ukraine with an oil embargo, more censorship, and banking bans
The European Union’s governing body has published a list of new sanctions against Moscow, accusing Russia of a “continuing war of aggression against Ukraine.” The sixth batch of restrictions since February contains a phased embargo on oil imports, restrictions against some Russian banks and broadcasters, and blacklisting of people Brussels accuses of war crimes.
The Council of the European Union officially announced the sanctions package on Friday. EU High Representative for Foreign Affairs and Security Policy Josep Borrell said the move is intended to limit Russia’s “ability to finance the war” and ban “disinformation actors.”
EU countries have six months to stop imports of Russian crude oil, and eight months to end importation of “other refined petroleum products.” There will be a “temporary exception” of unspecified duration for member states that, “due to their geographic situation, suffer from a specific dependence on Russian supplies and have no viable alternative options.” Though none were named, Hungary and Austria have been previously mentioned in this context.
Bulgaria and Croatia were also given “temporary derogations” so they can continue to import Russian “seaborne crude oil and vacuum gas oil,” respectively.
SWIFT banking blockade
The EU has also blocked three additional banks in Russia and one in Belarus from the SWIFT international transfer protocol. The ban affects Russia’s largest bank Sberbank, Credit Bank of Moscow, and the Russian Agricultural Bank, as well as the Belarusian Bank for Development and Reconstruction.