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EU sanctions will affect the military-industrial complex, energy and financial sectors of Russia

The European Union has imposed financial and technological restrictions on Russian companies in the military-industrial, energy, aircraft manufacturing and financial sectors of Russia. It is reported by TASS.

“In view of the gravity of the situation, on February 25, 2022, the Council adopted a decision imposing new sanctions on various sectors of the Russian economy, in particular defense, energy, aviation and financial,” the EU Council said.

Sectoral measures will be introduced against Russian Railways, Sukhoi, Tupolev, Kamaz, Progress Rocket and Space Center, Kalashnikov, Almaz-Antey, Uralvagonzavod, Sevkomflot and Sevmash. They will be prohibited from accessing the capital market and any type of financial services in the EU. In addition, trade with them in military or dual-use products will be banned.

Also, the sanctions lists included 64 key structures of Russia, including the presidential administration, the Ministry of Defense, the Foreign Intelligence Service and other state organizations.

Earlier it became known that the EU imposed sanctions on Russian President Vladimir Putin, Russian Foreign Minister Sergei Lavrov, Prime Minister Mikhail Mishustin, Deputy Chairman of the Russian Security Council Dmitry Medvedev and Interior Minister Vladimir Kolokoltsev.

The United States took a similar measure against the President of Russia, the Minister of Foreign Affairs of the Russian Federation, the Minister of Defense of the Russian Federation Sergei Shoigu and members of the Russian Security Council.

EU sanctions will affect the military-industrial complex, energy and financial sectors of Russia