EU Plans Far-Reaching Sanctions Against Russia This Autumn
The Story
On August 17, the European Union sanctioned five Russian defense industry executives, including Viktor Ivanov, director general of Roscosmos subsidiary NII TP, as part of a broader effort to target Russia’s military space sector. Under these sanctions, Ivanov's assets in the EU are frozen, and he is barred from entering or transiting through EU territory. NII TP itself was added to the EU sanctions list on June 15. Separately, EU foreign policy chief Kaja Kallas told the German newspaper Die Welt that the EU plans to expand sanctions against Russia in the coming months. She stated, for the fall I am putting forward the most far-reaching sanctions listings since the start of the war. Once adopted, these new listings would immediately raise the total number of sanctioned Russian entities by a third. EU diplomatic sources told Reuters that the European External Action Service (EEAS) would propose targeting around 1,600 Russian individuals and entities, mostly linked to the military-industrial complex. These designations will include travel and transaction bans, as well as asset freezes. The EEAS is expected to present the new sanctions list to EU countries in early September, with an aim to adopt them in October. The EU has already sanctioned nearly 3,000 people and companies. The latest 21st package of sanctions was approved in July, imposing curbs on Russia's banking sector and cryptocurrency networks. Latvia's Prime Minister Andris Kulbergs told Politico that Latvia wants Brussels to provide €7 billion ($8.2 billion) under the EU’s next seven-year budget to cover military and economic costs of confronting Russia.
The Spread
What they agree on
- EU foreign policy chief Kaja Kallas announced plans for the "most far-reaching sanctions listings" against Russia since the start of the war, to be put forward for the fall.
- These new sanctions are expected to target around 1,600 Russian individuals and entities, primarily linked to the military-industrial complex.
- The proposed sanctions will include travel and transaction bans, as well as asset freezes.
- The European External Action Service (EEAS) is expected to present the new sanctions list in early September, with an aim for adoption in October.
- The EU has already sanctioned nearly 3,000 people and companies, with the latest 21st package approved in July.
Where they split
- SpaceNews provides specific details about the August 7 sanctions targeting five Russian defense industry executives, including Viktor Ivanov of Roscosmos subsidiary NII TP, and the nature of those individual restrictions.
- The Moscow Times focuses on Kaja Kallas's statement to Die Welt regarding the expansion of sanctions and the immediate increase in sanctioned Russian entities.
- RT (Russia Today) and Politico Europe highlight Latvia's request for €7 billion from the EU to cope with the financial fallout of its anti-Russia policies and military spending.
- RT (Russia Today) includes comments from opposition politician Ainars Slesers, who insists Riga should demand compensation for backing EU sanctions and that economic ties with Russia should eventually be restored.