EU prepares for an 11th package of Russia sanctions
16 May 2023
In a recent announcement, the European Union’s 11th package of Russia sanctions was announced by European Commission President Ursula von der Leyen, following the adoption of a proposal by the EU Commission on 5 May 2023, which focusses on suppressing circumvention and is being carried out in close coordination with international partners, particularly the G7.
The new package includes several elements, such as sharpening existing tools and adding more products to the transit ban. Additionally, the EU Commission is proposing a new tool to combat sanctions circumvention, where goods going from the EU to third countries and ending up in Russia can be sanctioned for export. The third element involves banning "shadow" entities from Russia and third countries intentionally circumventing sanctions.
The EU Commission will continue to support Ukraine throughout the process, with an oral report to the EU Council in June and a written report in October 2023.
The press statement by President von der Leyen can be accessed here.