The European Commission welcomes the Council’s adoption of the 17th Russia sanctions package. New EU sanctions increase the cost for Russia to continue its war, adding pressure on its already strained and fragile economy. This is a clear signal of the EU’s continued and unwavering support for Ukraine.
This package aims to further restrict Russia’s access to battlefield technologies and cut revenues from Russian energy imports by targeting an unprecedented number of vessels from Russia’s shadow fleet. The package also expands the number of individual and entity listings. Moreover, it prolongs an existing exemption from the oil price cap for the Sakhalin-2 project to ensure Japan’s energy security.
More information on the 17th sanctions package against Russia is available in our press release online.
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