EU Council extends sanctions against Russia

The EU Council regulation, published on Monday in the European Union’s Official Journal, extends sanctions against the Russian Federation for one year.

The new 20th package of sanctions against Russia has not yet been adopted.

Hungary vetoed the adoption of the 20th package of anti-Russian sanctions and the allocation of 90 billion euros to Ukraine in the form of a military loan, citing the suspension of oil transit through the Druzhba pipeline.

The United Kingdom has once again expanded sanctions against Russia—by 297 entries at once.

Those subject to sanctions include: 
- Absolut Bank
- Aversbank;
- Ak Bars Bank
- Lanta-Bank
- Pochta Bank
- Sinara
- Transcapitalbank
- Tochka
- Fora-Bank.

Investment companies:
- Alliance Capital (Poland)
- DEX Capital Holding (UAE).

The list includes not only Russian companies: organizations from China, India, Thailand, and the UAE are also on it, along with 50 maritime vessels.

The sanctions apply to a total of 240 legal entities and 7 individuals. 
Even Georgian TV channels Imedi and POSTV are among the “newcomers.”

Canada also imposed sanctions on Tuesday, February 24.
Added to the sanctions list were “VTB Shanghai,” VTB’s brokerage business head Andrey Yatskov,
VTB First Deputy Chairman Olga Skorobogatova, and Alfa-Bank co-owner Andrey Kosogov.

The following were banned:
- T-Bank
- “AFK Sistema”
- “Rosatom” and its subsidiary “Rosatom Additive Technologies”
- “Astra”
- Positive Technologies
- “Tatneft” and its CEO Nail Maganov
- “Rosneft”
- Red Soft
- IBS
- Aeza Group
- AI Alliance
- AIRI Institute for Artificial Intelligence
- “Skolkovo”
- BitRiver Group
- Kraftway
- NtechLab
“Lanit”.

In total, sanctions were imposed on 21 individuals and 53 organizations.

In addition, the Canadian authorities decided to lower the price cap on Russian oil from $47,6 to $44,1 per barrel.