The European Union, as part of the tenth sanctions package, could introduce restrictions against Alfa-Bank, Tinkoff-Bank, Rosbank, as well as the National Welfare Fund (NWF).
This is reported by Bloomberg News with reference to the draft document.
According to the agency, the EU intends to force banks to disclose information on Central Bank assets and to tighten reporting on Russian assets frozen due to sanctions.
In case of refusal to provide the required information, it is proposed to impose a fine of up to 50,000 euros on natural persons and to deduct 10% of the annual income of legal persons, reports Bloomberg News.
The receipt of this data is considered the first step towards “exploring options for the potential use of blocked Russian funds in the reconstruction of Ukraine”.
Sanctions, the agency said, may also include the National Wealth Fund, Russia’s reserve fund, which is built up from oil and other state revenues.
Besides Russian banks, Russia’s reinsurer of oil-carrying ships will also be included in the sanctions list, reports Bloomberg News.
According to the agency, the EU will also impose trade restrictions on goods and technologies used by the Russian military, as well as electronics and rare earth metals.
The European Union is also proposing to ban the transit of goods through Russia to make it more difficult to circumvent sanctions.
According to the news agency, dozens of legal and natural persons, including politicians and military personnel, as well as Russian media who have engaged in propaganda in favor of aggression against Ukraine, will fall under the penalties.
The European Union is expected to adopt the tenth round of sanctions next week, ahead of the anniversary of Russia’s full-scale invasion of Ukraine.
