On Wednesday January 3, the Council of Europe introduced additional restrictive measures against a person and an entity responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.
The sanctions on Russian diamondsT are part of a G7 effort to develop an internationally coordinated diamond ban that aims at depriving Russia of this important revenue source.
These designations complement the ban on the import of Russian diamonds included in the 12th package of economic and individual sanctions adopted on December 18, 2023 in anticipation of Russia’s war of aggression against Ukraine.
In total, EU restrictive measures concerning actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine now apply to almost 1,950 individuals and entities in all. Designated persons are subject to an asset freeze, and EU citizens and companies are prohibited from making funds available to them. Individuals are also subject to a travel ban, preventing them from entering or transiting EU territories.
The relevant legal acts, including the names of the persons and entities listed, have been published in the Official Journal of the EU.
