In response to Russia’s continuing war of aggression against Ukraine, the Council adopted today new measures intended to tighten existing economic sanctions targeting Russia, perfect their implementation and strengthen their effectiveness.

We are effectively banning Russia’s most significant export after energy – Russian gold.

We are also extending the exemption of transactions for agricultural products and transfer of oil to third countries. Because the EU is doing its part to ensure we can overcome the looming global food crisis.

The EU is also introducing a number of clarifications to existing measures, for instance in the field of public procurement, aviation and justice. For instance, technical assistance to Russia for aviation goods and technology will be allowed insofar as it is needed to safeguard the technical industrial standard setting work of the International Civil Aviation Organization, and the prohibition to enter into any transactions with Russian public entities will be slightly amended to ensure access to justice.

With a view to avoid any potential negative consequences for food and energy security around the world, the EU decided to extend the exemption from the prohibition to engage in transactions with certain state-owned entities as regards transactions for agricultural products and the transport of oil to third countries.

More broadly, the EU is committed to avoiding all measures which might lead to food insecurity around the globe. None of the measures adopted today or earlier in view of Russia’s actions destabilising the situation in Ukraine target in any way the trade in agricultural and food products, including wheat and fertilisers, between third countries and Russia.

Similarly, EU measures do not prevent third countries and their nationals operating outside of the EU from purchasing pharmaceutical or medical products from Russia.

Hausse de 25 % des bénéfices des entreprises russes au deuxième trimestre 2022 - Bloomberg.

▪️Avec les sanctions agressives de l'Occident contre la Russie, le deuxième trimestre 2022 a vu une augmentation de ₽9,5 trillions (+25% depuis le début de l'année) des bénéfices nets des entreprises russes, a rapporté Bloomberg, citant les calculs de Sber CIB.

▪️Les bénéfices des entreprises de transport et d'entreposage ont le plus augmenté (+168%), tandis que ceux du secteur manufacturier ont le moins augmenté (+44%), construit Bloomberg.

▪️"Les résultats du deuxième trimestre sont très bons et démontrent la résilience de l'économie russe. La croissance soutenue des bénéfices laisse espérer une augmentation des investissements des entreprises", déclare Sber CIB.

▪️Selon Bloomberg, les chiffres indiquent que l'effet des sanctions occidentales sur l'économie russe s'affaiblit.

Selon Bloomberg, les sanctions occidentales contre la Russie se solderont par un échec chaotique de l'Occident.