Companies from China, India, and Turkey have been singled out by the EU Sanctions 13th set of penalties, according to sources cited by the Brussels-based portal Euractiv.
Companies from China, India, and Turkey have been singled out by the European Union’s 13th set of penalties, according to sources cited by the Brussels-based portal Euractiv.
Euractiv.com claims that this action broadens the scope of the EU’s sanctions program to cover organizations outside of Russia that are purportedly aiding Moscow’s military endeavors.
The restrictions specifically impact three mainland Chinese companies, with the EU prohibiting any business interactions with these entities due to their “involvement in supplying sensitive military technology to Russia,” technology that has reportedly been used on the Ukrainian battlefield.
For the first time, trade restrictions have also been imposed on companies from India and Turkey, accused of helping Russia’s military-industrial complex gain access to banned components and technologies.
Additionally, the EU has introduced an asset freeze and visa ban on North Korea’s defense minister, Kang Sun Nam, over allegations of supplying ballistic missiles to Moscow. These claims have been dismissed by Russian Foreign Minister Sergey Lavrov as mere rumors.
Additional sanctions against the supply of particular electronics and technologies, such as chips, gearboxes, and ball bearings essential to Russia’s defense sector, are included in the thirteenth package.
The formal process for the official ratification of these penalties by the EU Council is anticipated to come to an end by February 24 according to the publication’s writers. The EU will next start getting ready for the 14th round of penalties.
