About past, present and future of Ukraine

Search mobile

Main Business A hit to the Russian economy: the EU has banned new investments in the mining sector of the Russian Federation

Business

A hit to the Russian economy: the EU has banned new investments in the mining sector of the Russian Federation

323
A hit to the Russian economy: the EU has banned new investments in the mining sector of the Russian Federation

Share this article


The exception is mining and quarries related to certain critical raw materials.

On Friday, December 16, the Council of the EU banned new investments in Russia's mining sector as part of the adopted ninth package of sanctions. This is stated on the website of the European Council.

The EU will expand the prohibition targeting new investments in the Russian energy sector by additionally prohibiting new investments in the Russian mining sector, with the exception of mining and quarrying activities involving certain critical raw materials.

In addition to economic sanctions, the Council decided to adopt a comprehensive package of individual measures both in number and content with list a very significant number of additional individuals and entities.


The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...