The EU is finalizing the tenth package of sanctions against Russia

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The European Union, as part of the tenth package of sanctions against Russia, plans to force all banks to report on the assets of the Central Bank of the Russian Federation that are on their accounts. As written Bloombergthis should be the first step for studying options for the potential use of these funds for the reconstruction of Ukraine.

The proposals of the European Commission, which were submitted for consideration by the EU countries, also contain an obligation to report on frozen assets related to sanctioned individuals and legal entities from Russia. Violation of this requirement is punishable by fines of up to 50,000 euros for individuals and 10% of the annual turnover for companies.

The tenth package may also include:

→ broad trade restrictions on goods used by the Russian army, including spare parts, heavy vehicles, electronics, rare earth elements;
→ ban on the transit of goods through Russia;
→ a ban on the import of Russian rubber and asphalt into the EU;
→ personal sanctions against dozens of individuals;
→ sanctions against Alfa Bank, Rosbank, Tinkoff Bank and the National Welfare Fund of the Russian Federation;
→ sanctions against the Russian reinsurer of tankers carrying Russian oil;
→ sanctions against the British shipping company for providing vessels for the transportation of stolen Ukrainian grain;
→ suspension of broadcasting licenses of a number of Russian media;
→ prohibition for Russian citizens to hold positions in the management bodies of EU critical infrastructure operators;
→ ban on gas storage in the EU by Russian companies.

In the draft of the tenth package of sanctions, there is no Rosatom and a ban on the import of diamonds.

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