Against the backdrop of Russia's ongoing war against Ukraine, the European Union has implemented a new, 18th package of restrictive measures against the Russian Federation. The relevant documents were published in the Official Journal of the European Union on the evening of Thursday, July 18. As a result, new sanctions against Russia came into force.
Another 22 Russian banks, tankers, the Russian sovereign investment fund, and the Russian Direct Investment Fund (RDIF) were also subjected to restrictions. The European Union reduced the price of Russian oil to $47.6 per barrel and banned any deals with the "Northern Flow."
The banks affected by the restrictive measures include T-Bank, Bank Saint Petersburg, Dom.RF, Yandex Bank, Ozon Bank, and Surgutneftegasbank. They will not be disconnected from the SWIFT international payment system, but transaction restrictions will be applied to them.
Personal sanctions
The restrictions apply to prominent Russian film director and head of Mosfilm Karen Shakhnazarov, rector of the Vernadsky Crimean Federal University Vladimir Kuryanov, first deputy minister of culture of annexed Crimea Olga Burova, and former head of the Regional Development Fund Ilshad Shagiakhmetov.
The list includes 14 individuals who are citizens of China, India, and Iran.
