EU approves new sanctions against Russia

In a statement made by the EU Term Presidency, France, it was reported that at the meeting held by the representatives of EU member states, new sanctions against Russia were approved and these measures will come into force after being published in the EU Official Journal.

Pointing out that the fourth sanctions package targeted various sectors of the Russian economy, some individuals and organizations, it was stated that Russia's "most favored country" status was suspended.

All details of the sanctions have not been shared yet.

In the statement made on Friday by the EU Commission regarding the fourth sanction package, it was stated that Russia would lose important opportunities it has as a member of the World Trade Organization (WTO), and Russian companies would not receive preferential treatment.

It was stated that it would work to suspend Russia's membership rights in leading multilateral international financial institutions, including the International Monetary Fund (IMF) and the World Bank, and prevent Russia from benefiting from these institutions in financing, loans or any other form.

In the statement, it was stated that the elite close to Russian President Vladimir Putin, their families and supporters will also continue to pressure, and that the Russian state and elites will be prevented from using crypto assets to avoid sanctions.

Pointing out that the export of luxury goods from EU countries to Russia will be banned, it was stated in the statement that the import of important goods in the iron and steel industry from Russia would be prevented and new investments in Russia's energy sector would be prohibited.

As part of the latest sanctions package, it is expected to ban the shipment of products such as caviar, beverages, cigars, electronic devices, perfumes, bags, coats, suits, shoes, shirts, diamonds, gold and precious stones to Russia, which cost more than 300 euros.

In addition, it is foreseen that the sale of cars worth more than 50 thousand euros will be within the scope of the ban.

It is expected that 15 people and 9 companies, including Russian billionaire Roman Abramovich, will be added to the EU sanctions list, their assets will be frozen and a travel ban will be imposed.