The EU adopts a 14th package of sanctions on Russia: LPG, the finance system, artists

The Council of the European Union has adopted today a 14th package of economic and individual restrictive measures on Russian and its allies.

The new sanctions include restrictions on 116 additional individuals and entities (see the full list here).

These include popular propagandists singers Yaroslav Dronov (stage name: Shaman) and Polina Gagarina.

EU has stated that it will ban reloading of Russian LNG services in EU territory to transfer operations to third countries.

In addition, EU has decided to prohibit the use of ‘System for Transfer of Financial Messages’ (SPFS), a specialized financial messaging service developed by the Central Bank of Russia to counteract restrictive measures. Entities operating outside of Russia will not be allowed to connect to SPFS or similar specialized financial services.

Among the sanctioned companies are Sovcomflot, Russia’s largest shipping company specializing in the transportation of liquified gas; the Volga-Dnepr Group and its subsidiaries; the Kadyrov Foundation and the Belarusian Republican Youth Union.

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