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The European Union stops car exports to Russia

The European Union stops car exports to Russia

Since February 2022, the European Union has adopted eleven sanctions packages due to Russia’s attacks on Ukraine:

February 23, 2022: Against economic relations with the breakaway regions of Donetsk and Luhansk, members of parliament who vote to approve their declaration of independence.

February 25: Freezing visas and freezing assets even for senior leaders such as President Vladimir Putin and Foreign Minister Sergey Lavrov, as well as freezing exports of aircraft and equipment to the oil sector.

February 28 and March 2: Seven banks are suspended from the Swift transaction system, Russian flights are suspended from the European Union and three state-controlled television channels are silenced.

March 15: Trade sanctions on iron and steel and luxury goods, and a freeze on investment in the energy sector.

April 8: Phase-out of coal imports and stopping of Russian trucks in EU ports and Russian ships.

June 3: Phasing out crude oil imports and suspending more banks from Swift, including major bank Sberbank.

July 21: Halt the import and trade of gold.

October 6: Capping Russian oil prices, banning steel imports, and banning the export of aircraft parts and additional electronic devices.

December 16: More banks, parties and TV channels are sanctioned, as well as more goods on the export ban list, including drones.

February 25, 2023: Banning the import of asphalt, stopping Russian TV channels in Arabic, and imposing restrictions on Russian citizens in leadership positions of important infrastructure in the European Union.

June 23: Opening sanctions on companies and countries that contribute to circumventing other sanctions, and extending the suspension of car exports

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At the same time, the number of people, companies and organizations that will not be granted entry visas to the EU and whose potential assets in the EU have been frozen has constantly increased. After the eleventh package, nearly 1,800 individuals, companies and organizations are on the sanctions list.

Source: Council of Ministers of the European Union.