The European Commission reported that the Council of the European Union adopted sanctions against 1,569 individuals and entities in Russia’s military and industrial complex. The EU’s largest single set of listings comprises 826 Russian companies and 743 of their chief executives, bringing the total number listed under the sanctions regime supporting Ukraine’s territorial integrity to close to 4,600. The package targets mid-level suppliers at the core of Russia’s military industry, collectively generating annual turnover of at least EUR 20 billion and employing more than 250,000 people. The companies supply components for advanced weapons systems, including missiles, unmanned aerial vehicles and aircraft, spanning electronics, communications equipment, aviation and satellite systems, explosives, ammunition, optics and navigation technology. The listed parties are subject to asset freezes, and EU persons are prohibited from providing funds or economic resources to them directly or indirectly. The 743 listed individuals are also subject to EU travel bans.
European Commission reports record EU sanctions listings against 1,569 Russian military industry companies and executives
The Council of the European Union sanctioned 826 Russian military industry companies and 743 of their chief executives in the EU’s largest single set of listings. The measures impose asset freezes and funding prohibitions on all listed parties, as well as EU travel bans on the individuals.