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EU's 1,600-Entity Expansion Shifts Sanctions From Sectoral Bans to Corporate Networks

EU foreign ministers have formally adopted the bloc's largest single expansion of its Russia sanctions blacklist, targeting the mid-level suppliers that manufacture components for ballistic missiles and drones.

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EU foreign ministers formally adopted the bloc's largest single expansion of its Russia sanctions blacklist in Brussels.From: European Union Imposes Record Sanctions on Nearly 1,600 Russian Defense Firms and Executives

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The latest package brings the total number of individuals and entities under the EU's Russia sanctions regime to nearly 4,600.From: European Union Imposes Record Sanctions on Nearly 1,600 Russian Defense Firms and Executives ·
Under EU law, asset freezes automatically extend to any subsidiary where a sanctioned entity holds 50 percent or more ownership.From: EU's 1,600-Entity Expansion Shifts Sanctions From Sectoral Bans to Corporate Networks ·
The new sanctions target mid-level suppliers manufacturing critical electronics and radar systems for the Russian military.From: European Union Imposes Record Sanctions on Nearly 1,600 Russian Defense Firms and Executives ·
The Foreign Affairs Council's decision immediately severs the targeted defense firms from European financial networks.From: European Union Imposes Record Sanctions on Nearly 1,600 Russian Defense Firms and Executives ·
The new sanctions package shifts focus toward the complex corporate networks and logistics providers that facilitate restricted trade.From: EU's 1,600-Entity Expansion Shifts Sanctions From Sectoral Bans to Corporate Networks ·