The EU has published the latest portion of sanctions targeting Russia in the EU Official Journal, thus putting them into effect. Arms producer Kalashnikov and oil giant Rosneft are on the new sanctions list, reports GHN based on RT.
The sanctions target the finance, energy and defense sectors. The union has restricted three Russian energy companies from raising long-term debt on European capital markets - Rosneft, Transneft and Gazprom Neft.
The EU has also halted services Russia needs to extract oil and gas in the Arctic, deep sea and shale extraction projects.
The export of any technology considered military ‘dual-use' has been banned from nine Russian companies, including the manufacturer of Kalashnikov rifles.
Five major Russian state-owned banks - Sberbank, VTB, Gazprombank, Vnesheconombank (VEB) and Rosselkhozbank - have been banned from receiving any long-term (over 30-day) loans from EU companies.
Brussels has also added 24 individuals to the list, blocking travel to the EU and freezing assets. Russian MPs and businessmen, as well as politicians in Crimea and Donbass, are on the blacklist.