European Union Adopts New Package of Sanctions Against Russia, List Includes Company from Serbia

The Council of the European Union adopted the 13th package of restrictive measures against Russia on the occasion of two years from the beginning of Russian invasion of Ukraine.

The list of sanctioned entities features a company from Serbia, due to circumventing the trade restrictions. This is Conex doo Beograd, says the Decision.

The new sanctions “against Vladimir Putin’s regime and those responsible for the continuation of his illegal, unprovoked and unjustified war of aggression and those who support it” are implemented against106 individuals and 88 entities responsible for undermining or jeopardizing the territorial integrity, sovereignty and independence of Ukraine.

Due to connections with the Russian military-industrial complex, sanctions are also imposed against Conex, a company from Serbia, for “trading in the area of electronic components, including of EU-origin,” the European Commission announced.

For the same reason, four companies registered in China and one each registered in Kazakhstan, India, Thailand, Sri Lanka, and Türkiye, are sanctioned, as are 17 Russian companies which are involved in the development, production and supply of electronic components, particularly used in connection with drone production.

The EU will impose export restrictions towards these companies regarding dual-use goods and technology, as well as goods and technology which might contribute to the technological enhancement of Russia's defense and security sector. The package also introduces new bans on the export of components for the development and production of drones.

– This package further deepens our actions to stop Russia from acquiring Western sensitive technologies for Russian military. Unmanned aerial vehicles, or drones, have been central to Russia's war against Ukraine. This package thus specifically lists companies procuring Russia with key drone components and introduces some sectoral sanctions to close loopholes and make drone warfare more complicated – the European Commission announced.

The announcement says that, based on hard evidence from various sources, supported by trade and customs data, the package adds 27 Russian and third country companies to the list of entities associated to Russia's military-industrial complex.

The new listings target 10 Russian companies and individuals involved in the shipping of Democratic People's Republic of Korea (DPRK) armaments to Russia. They also target the Defense Minister of the DPRK, as well as several Belarusian companies and individuals providing support to the Russian armed forces.

They also include 15 individuals and 2 entities involved in the forced transfer and in the deportation and the military indoctrination of Ukrainian children, including in Belarus, announced the Council of the European Union.

Conex doo Beograd

Council of the European Union

Conex Doo Beograd

Josep Borrell

sanctions against Russia