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Which contains the fifth package of sanctions imposed on Russia by the European Union

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Measures include a ban on many Russian ships and trucks from entering the EU, hitting trade even harder, and blocking all transactions with four Russian banks, including VTB.

The ban on coal imports will take effect in the second week of August. No new contracts can be signed from Friday, the day the sanctions are published in the Official Journal of the EU.

The contracts in force will be completed by the second week of August, which means that Russia can continue to receive payments from the EU for coal exports until then.

“These new sanctions have been adopted following the atrocities committed by the Russian armed forces in Bucea and other places (in Ukraine) under Russian occupation,” EU Foreign Minister Josep Borrell said in a statement.

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The European Commission on Friday welcomed the Council’s agreement to adopt the fifth round of sanctions against “Putin’s regime in response to its brutal aggression against Ukraine and its people.”

“Together with the other four packages, these sanctions will help increase economic pressure on the Kremlin and affect its ability to finance its invasion of Ukraine,” the EC said in a statement.

In addition to coal, new EU sanctions ban imports of many other goods and products from Russia, such as wood, cement, fertilizers, seafood and alcohol, totaling € 5.5 billion a year.

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The EU has also restricted exports to the EU for a range of products, including aircraft fuel, quantum computers, advanced semiconductors, electronics, software, fine equipment and transport equipment, for a total of € 10 billion a year.

The Kremlin claims that Western accusations that Russian forces committed war crimes by executing civilians in the Ukrainian city of Bucea are a “fake” meant to denigrate the Russian army.

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