On Wednesday, the member countries of the European Union reached a consensus on implementing additional sanctions against Russia. These measures are aimed at penalizing individuals and companies believed to be aiding Moscow in its conflict with Ukraine, including Chinese businesses.

The ruling aligns with the two-year mark of Russia’s complete military intervention, which commenced on February 24, 2022, and follows the recent passing of Russian activist Alexey Navalny.

The EU, currently chaired by Belgium, stated that the “package is one of the most extensive to be approved by the 27-nation bloc.”

Multiple diplomats have confirmed that EU ambassadors representing each member country have reached a consensus to enforce punitive measures against approximately 200 entities and people. The diplomats requested to remain anonymous as they were not permitted to reveal specific information regarding the sanctions, which are still pending formal adoption.

The EU has announced sanctions against multiple Chinese companies that are suspected of aiding Russia. The specific entities affected will be disclosed upon the publication of the sanctions in the EU’s official legal publication.

The European Union has implemented multiple sets of penalties against Russia after President Vladimir Putin commanded his soldiers to enter Ukraine. These actions have specifically aimed at the energy industry, financial institutions, the largest global diamond mining corporation, commercial enterprises and markets, and have placed restrictions on Russian officials’ assets and travel.

Diplomats have announced that the latest sanctions will strengthen trade limitations for companies connected to the Russian military-industrial complex. In addition, there are now additional restrictions on exporting advanced components used in drone manufacturing to Russia.

European Commission President Ursula von der Leyen expressed her satisfaction with the recent agreement on implementing our 13th sanctions package against Russia. Our goal remains to weaken Putin’s military capabilities, and with 2,000 listings in place, we are effectively maintaining pressure on the Kremlin. Additionally, we are taking steps to limit Russia’s use of drones.

Belgium announced that the package will go through a written process and receive formal approval on Saturday, coinciding with the second anniversary of the war.