Rosneft, Transneft, Gazprom Neft on New EU Sanctions List

The EU Official Journal (OJ) has published information about companies and officials on the sanctions list against the Russian Federation, which came into force on Friday.

The "blacklist” includes major energy and defense companies, as well as several Russian and Ukrainian officials.

Sanctioned energy companies

The European Union banned debt financing for 3 Russiancompanies - Rosneft, Transneft and Gazprom Neft.The sanctions come into force from the moment of their publication.

The EU has introduced a ban for trading those companies’ 30-day yield bonds and participating in issuing stock of the kind.

On Thursday, ambassadors of 28 EU countries decided to introduce from September 12 additional sanctions against the Russian Federation.

Sanctions against banks

The European Union has alsoimposed restrictions in the provision of loans and investment services for five Russian banks - Sberbank, VTB, Gazprombank, Vnesheconombank (VEB) and Rosselkhozbank.

EU residents will not be able to provide loans to these Russian banks any more. In addition, operations with new issues of bonds and other securities with maturity of more than 30 days are banned.

These banks are not listed by the name, as the list remains unchanged since the previous sanctions’ issue of July 31, 2014.

Sanctions against defense companies

The European Union has banned the organization of debt financing for Russia’s three major defense manufacturers - UralVagonZavod (UVZ), Oboronprom and United Aircraft Corporation (UAC), the EU Official Journal reports on Friday.

The EU banned trading in bonds of these enterprises with maturity of more than 30 days and participation in the organization of such bonds’ issue.

Supplies of European dual-purpose technologies are banned for nine more defense institutions - the Sirius Concern, Stankoinstrument, Khimkompozit, the Kalashnikov Concern, the Tula Arms Plant, Technologii Mashinostroyeniya, Vysokotochnye Kompleksy, the Almaz-Antei Concern, and Bazalt.

Blacklisted officials

The European Union has added 24 more names to the blacklist, bringing an overall number of those sanctionedto 119.

The new figures put on the EU black list are LDPR leader Vladimir Zhironovsky; Deputy Сhairman of the Federation Council YuryVorobyov; Rosoboronexport Board Chairman Sergey Chemezov; Duma Deputy Speakers Vladimir Vasilyev, Ivan Melnikov, Igor Lebedev, Nikolai Levichev; deputy heads of the Duma Committee on International Affairs Leonid Kalashnikov and Svetlana Zhurova; deputy heads of the Duma Committee on the Affairs of the CIS and the European Integration Vladimir Nikitin and Oleg Lebedev; Duma deputy Alexander Babakov; MP and Cossack Troops commander Viktor Vodolatsky, Commander of the 76th division of airborne troops Alexei Naumets, Crimea's official representative in Moscow Georgy Muradov; First Deputy Prime Ministerof Crimea Mikhail Sheremet.

The new "blacklist" also includes eight representatives of the leadership of Novorossiya — prime minister of the self-proclaimed Donetsk People's Republic Alexander Zakharchenko and defense minister Vladimir Kononov; leader of Donbass people's self defense forces Miroslav Rudenko, prime minister of the self-proclaimed Luhansk People's Republic Gennady Tsypkalov, security minister of self-proclaimed Donetsk Republic Andrey Pinchuk, interior minister Oleg Bereza; an official representative of self- proclaimed Donetsk People's Republic to Russia Andrei Rodkin, vice-premier for social affairs Alexander Karaman.

The twenty-four figures put on the sanctions list on Friday are banned from entering the territory of the European Union, and their assets, if kept at European banks, are to be frozen.

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