Market Flux Event
EU to Approve Its Largest Single Russia Sanctions Package Since 2022 Invasion on Wednesday
Read this in the Market Flux appEuropean Union envoys are set to approve what would be the single largest set of Russia sanctions designations since Moscow launched its full-scale invasion of Ukraine in 2022, EU diplomats said on Tuesday. The package targets approximately 1,570 to 1,650 companies and individuals, with the majority tied to Russia's military-industrial complex and missile production in particular.
Once EU ambassadors formally approve the package on Wednesday, it will be forwarded to EU foreign ministers for final adoption the following Monday. The scale of the package marks a significant escalation in the bloc's sanctions effort, with the number of new designations in a single round surpassing all prior packages since the war began in February 2022.
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Sources
- FinancialjuiceEU envoys expected to approve major new Russia sanctions Wednesday, adding about 1,570 companies and people in military-industrial complex, especially missile production - Diplomats
- LiveSquawkEU Diplomats: Envoys Expected To Approve Major Set Of New Russia Sanctions On Wednesday - RTRS
- Osint613Around 1,570 companies and individuals are on the expanded list, all tied to Russia's military-industrial complex and in particular to missile production. EU representatives are expected to approve the package Wednesday, according to diplomats.
- StaunovoEU envoys are expected to approve about 1,650 new designations on Wednesday under the bloc’s sanctions regime for Russia, with the majority focused on the country’s military industrial complex, EU diplomats said on Tuesday. The package will be the single largest set of designations since Russia’s full-scale invasion of Ukraine in 2022. Once approved by ambassadors, the listings will be sent to EU foreign ministers next Monday for final adoption
- ReutersEU envoys set to approve major new Russia sanctions on Wednesday