“The package introduces additional individuals and entities to the existing sanctions list, targeting organizations within Russia and in third countries that indirectly support Russia’s military and technological advancements by circumventing export restrictions,” the Hungarian Council presidency announced in a statement.
The agreement means that the package is poised for approval during the EU foreign ministers’ meeting next Monday. However, these newly adopted sanctions merely set the stage for more significant confrontations expected in the coming year. On Tuesday, 10 EU member states issued a joint letter—obtained by POLITICO—demanding stricter sanctions targeting Russian natural gas, aluminum, and nuclear fuel, aiming to deplete the Kremlin’s financial resources for its war efforts.
A Linguistic Compromise
The adoption of the 15th sanctions package was delayed last week after Latvia and Lithuania exercised their veto powers. They insisted the EU should abolish a provision allowing businesses to continue operations in Russia.
This provision, first implemented in December 2022, has already been extended three times. Critics argue that companies have had ample time to divest. However, key countries like Germany, France, and Italy were hesitant to reopen the debate, fearing the economic repercussions of stricter measures.
Latvia and Lithuania eventually lifted their objections after negotiators reached a compromise by incorporating non-binding language advising EU companies to exit Russia. Five officials, speaking anonymously due to the confidential nature of the discussions, confirmed this outcome.
According to a document reviewed by POLITICO, the updated text now states: “EU operators should consider winding down businesses in Russia and/or not starting new businesses there.”
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