device for the eighth anti-Russian package | Bazaar
06 October 2022 14:22
Supporting tools the eighth package to fight Russia in response to the second in Ukraine. This was reported on the website of the European Commission on Thursday, October 6.
New bans on the transportation of oil in Russia from December 2022 and oil products in the Russian Federation (from February 2023) in a third country, as well as coverage taking into account financial and financial services. In addition, a price ceiling for Russian oil is being introduced: if oil and oil products from the Russian Federation are bought cheaper than the established price, the European operator will be allowed to transport the oil. This price itself will be set separately.
So it also limits inflation and keeps energy prices stable at a time when high prices, especially higher fuel prices, are a major concern for all Europeans,” the European Commission said.
New import bans from Russia
The eighth package also included a ban on the import of goods from Russia worth 7 billion euros, including the import of finished products from Russia from steel, machinery, vehicles, certain chemicals, clothing, leather, ceramics and jewelry.
The export to Russia of certain electronic components used in the weapons industry, industrial products, certain chemicals, as well as goods subject to registration in aviation supervision will be banned. These goals are aimed at ensuring Russia’s access to military, industrial and technological goods reported to the European Commission.
Service Restrictions
Sanctions prohibit citizens from holding senior positions in state-owned enterprises in Russia. All transactions with the Russian Maritime Register of Shipping are prohibited, as well as coverage of financial services, coverage of information technology and certain other business services.
The package expands the range of services that are no longer part of the Russian government or legal entities registered in Russia: now they include IT consulting, legal advice, architectural and engineering services. “This is important because there is a threat of weakening the industrial potential of Russia, which is highly dependent on the import of services,” the EC press release says.
Russians will also be prohibited from holding crypto assets in EU countries, regardless of depth. Brussels has set new conditions for inclusion in the sanctions lists: