The fifth package of sanctions against Russia was presented by the President of the Commission, Ursula von der Leyen, via Twitter.
Earlier in the Ecofin meeting, European Commission Vice President Valdis Dobrovskis gave a taste of the measures, saying: “We are completing the fifth package of sanctions against Russia while promoting arrangements so that there are no ways to bypass them. We want the sanctions to be directed against the Putin regime and not to remain on paper “after today’s Ecofin meeting.
According to von der Leyen, the proposals include six points, including a ban on coal imports, a ban on transactions with four Russian banks and a blockade on road and sea transport.
The head of the Commission wrote on Twitter:
“Russia is waging a brutal, ruthless war, also against the civilian population of Ukraine.
We must maintain maximum pressure at this critical point.
So today we suggest a 5th package of sanctions
1. Prohibition of imports of coal from Russia, worth 4 billion euros per year, reducing another important source of revenue for Russia.
2. Complete ban on transactions in 4 major Russian banks, including VTB, the 2nd largest Russian bank.
3. Prohibition of access to EU ports by Russian ships and prohibition of road access to Russian and Belarusian transport companies.
4. Further € 10 billion export bans in critical sectors: advanced semiconductors, machinery and transport equipment
5. Specific new import bans, worth 5.5 billion euros.
6. Targeted measures, such as banning Russian companies from participating in public procurement in the EU and blocking any financial support, European or national, to Russian public bodies.
Finally, we propose more sanctions against individuals.
“We are also working on additional sanctions, including oil imports, and are considering some of the Member States’ ideas, such as taxes or specific payment channels, such as a guarantee account.”
Russia is waging a cruel, ruthless war, also against Ukraine’s civilian population.
We need to sustain utmost pressure at this critical point.
So today we are proposing a 5th package of sanctions. pic.twitter.com/GEuPQf0Wgr
– Ursula von der Leyen (@vonderleyen) April 5, 2022
1 – An import ban on coal from Russia, worth € 4 billion per year, cutting another important revenue source for Russia.
2 – A full transaction ban on 4 key Russian banks, among them VTB, the 2nd largest Russian bank. pic.twitter.com/MknRVScmbN
– Ursula von der Leyen (@vonderleyen) April 5, 2022
3 – A ban on Russian & Russian operated vessels from accessing EU ports and a ban on Russian and Belarusian road transport operators.
4 – Further export bans, worth € 10 billion, in crucial areas: advanced semiconductors, machinery and transport equipment pic.twitter.com/qLu1JZyhER
– Ursula von der Leyen (@vonderleyen) April 5, 2022
5 – Specific new import bans, worth € 5.5 billion euros.
6 – Targeted measures, such as a ban on participation of Russian companies in public procurement in 🇪🇺 and exclusion of all financial support, EU or national to Russian public bodies. pic.twitter.com/7loq1Sd00E
– Ursula von der Leyen (@vonderleyen) April 5, 2022
Finally, we are also proposing further listings of individuals.
We are also working on additional sanctions, including on oil imports, and reflecting on some of the ideas of the Member States, such as taxes or specific payment channels such as an escrow account. pic.twitter.com/bk9HjUNyUP
– Ursula von der Leyen (@vonderleyen) April 5, 2022
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