News item | 23-02-2024 | 11:31
On February 23, 2024, the European Union (EU) adopted a new sanctions package against Russia. The new sanctions target, among other things, individuals and companies in the Russian military industry, Russian cyberwarfare and individuals and organizations involved in the kidnappings of Ukrainian children. There will also be additional measures against the circumvention of sanctions.
Do you have information about the circumvention of sanctions? Report this to the government. For example with the EU sanctions whistle blower tool or at the Fiscal Intelligence and Investigation Service (FIOD), via telephone number +3188-155 16 61. More information on the FIOD website.
Enlarge image
EU: sanctions against Russia
The EU has imposed sanctions on Russia for its illegal invasion of Ukraine. The sanctions remain necessary to further increase pressure on Russia and to undermine Russia’s ability to continue the war in Ukraine. Sanctions, among other things, make it more difficult for Russia to finance the war.
The new sanctions in brief
194 new persons and organizations on the sanctions list
With this new sanctions package, another 194 people and organizations have been placed on the sanctions list. This means, for example, that any assets or assets they may have in EU countries will be frozen. The new additions to the sanctions list include:
- companies within the Russian military-industrial complex;
- individuals and companies involved in Russian cyber warfare;
- individuals and companies involved in arms deliveries to Russia from North Korea;
- individuals and organizations in Russia, Belarus and the occupied Ukrainian territories involved in the kidnappings of Ukrainian children.
Export restrictions due to sanctions circumvention
EU countries are also imposing export restrictions on 27 companies involved in circumventing sanctions, including 11 outside Russia. The other companies come from China, India, Kazakhstan, Thailand, Turkey, Serbia and Sri Lanka. The EU will also introduce more restrictions on the export of goods that could contribute to the Russian military industry, such as transformers.
Are the sanctions against Russia effective?
The sanctions against Russia affect the Russian treasury. Among other things, €300 billion from the Russian Central Bank has been blocked in the EU and G7 countries. More than €21 billion in private assets have been frozen. And Russia is missing out on €90 billion in exports to the EU. Money that Russia cannot use to wage war.
Export restrictions also mean that Russia has less and less access to high technology, such as aircraft parts and computer chips.
Continued commitment of the European Union
The European Union remains committed to supporting Ukraine in its right to self-defense against Russian aggression. And to build a peaceful, democratic and prosperous future. A complete overview of the sanctions can be found at EU sanctions page. See also the EU timeline of sanctions against Russia.
Dutch implementation of sanctions
Want to know more about the sanctions and how the Netherlands implements them? View the sanctions against Russia and Belarus (Belarus) page.