EU announces 7th package of sanctions against Russia 

This is stated in the press release of the European Commission.

The 7th sanctions package is aimed at harmonizing and clarifying the measures provided for in previous packages, and at harmonizing measures among all partner countries, in particular the G7.

The European Commission also proposes to extend the sanctions until January 2023, European Commission President Ursula von der Leyen said.

“Russia's brutal war against Ukraine continues unabated. Therefore, we are proposing today to tighten our hard-hitting EU sanctions against the Kremlin, enforce them more effectively and extend them until January 2023. Moscow must continue to pay a high price for its aggression”, she said. 

At the end of January, the next review of terms and activities will take place.

In addition, the new sanctions propose to ban the import of Russian gold, and at the same time strengthen control over the export of dual-use goods and advanced technologies.  The European Commission believes that this will strengthen the consistency of EU sanctions with the sanctions of G7 partners and strengthen reporting requirements in order to intensify the freezing of Russian assets by EU countries.

EU sanctions will not affect trade in agricultural products between third countries and Russia, the EU stressed. 

“The EU's sanctions are tough and hard-hitting. We continue to target those close to Putin and the Kremlin. Today's package reflects our coordinated approach with international partners including the G7. In addition to these measures, I will also present proposals to Council for the listing of more individuals and entities, with their assets frozen and ability to travel curtailed", High Representative of the European Union for Foreign Affairs and Security Policy, Josep Borrell, said.