Borrell spoke about the new EU sanctions against Russia

The European Union will impose sanctions against 27 individuals and legal entities of Russia and 351 State Duma deputies, reported EU High Representative for Foreign Affairs and Security Policy Josep Borrell at a press conference. This step was implemented in connection with Moscow’s recognition of the independence of the Donetsk and Lugansk People’s Republics (DNR and LNR).

“We unanimously decided to adopt a package of sanctions that will cause damage to Russia, a lot of damage,” he said.

Banks and other organizations financing operations in the Donbass were also subject to sanctions, Borrell said. He did not name specific companies, but earlier today Bloomberg, citing sources, said that restrictions would be imposed on the state corporation VEB.RF, Rossiya Bank and Promsvyazbank. Reuters wrote that the EU would also impose a ban on trading in Russian government bonds.

As for the deputies of the State Duma, they were blacklisted for voting in favor of recognizing the sovereignty of the DNR and LNR. Borrell added that Russian President Vladimir Putin did not fall under the sanctions.

The EU will also restrict Russia’s access to its financial market. European companies will be banned from doing business with the DNR and LNR.

In addition, Borrell welcomed Germany’s decision to suspend certification of the Nord Stream 2 gas pipeline. Chancellor Olaf Scholz announced this earlier today.

Yesterday Russia recognized the sovereignty of the DNR and LNR. This was asked to Putin by the heads of the republics Denis Pushilin and Leonid Pasechnik. Today, the president also signed federal laws on the ratification of friendship, cooperation and mutual assistance treaties with self-proclaimed states. The EU, US, Ukraine and other countries condemned Moscow’s decisions and urged her to reverse them. The UK responded by imposing sanctions on five Russian banks and three businessmen.

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