EU proposes 9th package of sanctions against Russia

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EU proposes 9th package of sanctions against Russia

A man walks along a bridge over the Moskva River in front of the Kremlin's Spasskaya Tower in downtown Moscow on September 29, 2022. The European Commission on Wednesday proposed a ninth package of sanctions against Russia that will include more than 200 individuals and entities and cut Russia's access to drones.

The Commission has stepped up pressure on Russia after the eight packages of sanctions introduced so far were biting hard, according to President Ursula von der Leyen. The ninth package proposes adding more than 200 additional individuals and entities to the sanctions list, including the Russian armed forces, as well as individual officers and defense industrial companies, among others.

It also proposed sanctions against three additional Russian banks, including a full transaction ban on the Russian Regional Development Bank.

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The European Commission has proposed the imposition of new export controls and restrictions on key chemicals, nerve agents, electronics and IT components that could be used by Russia.

Von der Leyen said that the European Union will cut Russia's access to drones and unmanned aerial vehicles and ban on the export of drone engines to Russia and Iran, which could supply drones to Russia.

The European Union will take four additional Russian channels off the air and all other distribution platforms.

Von der Leyen said that the Commission was proposing further economic measures against the Russian energy and mining sector, including a ban on new mining investments in Russia.

READ MORE: The EU imposes more sanctions on Russia.

More than 1,200 individuals and 118 entities connected to Russia have been sanctioned, including Russian President Vladimir Putin and his inner circle.

The proposal is subject to the approval of the European Parliament and the Council of the EU.