The European Union is expected to approve additional sanctions against Russia on Monday, November 16, including measures targeting 50 Russian banks, French Minister for European Affairs Benjamin Haddad said on Thursday.
Speaking to LCI television, Haddad said the measures would cover approximately 150 additional entities, with France having proposed most of the additions. He presented the move as part of continued European economic pressure on Moscow and support for Ukraine.
The announcement follows an agreement reached by EU ambassadors on Wednesday on new sanctions listings. According to EU diplomats cited by Reuters, those designations concern Russia’s financial system, networks supporting its shadow fleet and actors involved in information manipulation.
The diplomats’ account specified 145 entities and individuals across several sanctions frameworks, a more precise figure than the approximately 150 entities cited by Haddad. Within the main framework, the proposed additions include 50 Russian banks, energy companies, business leaders and organisations facilitating shadow fleet operations. Separate listings address foreign manipulation and cyberattacks.
EU foreign ministers are expected to formally adopt the listings on Monday. The measures will take legal effect following their publication in the European Union’s Official Journal. Until that process is completed, the latest additions remain pending formal adoption.
