Ukrainian → English transcript

Today I present the 19th package of sanctions.

First, on energy.

Russia’s wartime economy is fueled by revenues from fossil fuels.

We aim to cut those revenues.

Therefore, we ban the import of Russian LNG into European markets.

It’s time to turn off the tap. We are ready for this.

We conserve energy, diversify supplies, and invest in green energy sources.

And today these efforts are yielding results.

We have lowered the oil price cap to 47.69.

To strengthen the sanctions, we are adding 118 ships of the shadow fleet.

In total, EU sanctions already cover over 560 ships.

Rosneft and Gazprom, and oil, are subject to a complete ban on operations.

Others are subject to asset freezes.

We are pursuing those who finance the war by buying oil in defiance of the sanctions.

We are targeting refineries, oil traders, and petrochemical companies in third countries, including China.

Over three years, Russia’s oil revenues in Europe fell by more than 90%.

Now we are finally turning this page.

Secondly, we are targeting the financial loopholes that Russia uses to evade sanctions.

We are imposing bans on transactions by additional banks in Russia and in third countries.

We are stepping up the fight against sanctions evasion.

Our sanctions adapt to stay ahead of new evasion tactics.

First, our restrictive measures will affect crypto platforms and ban cryptocurrency transactions.

We are adding foreign banks connected to Russian alternative payment systems to the list.

Third, we are adding new direct export restrictions on goods and technologies used on the battlefield.

We have also added 45 companies in Russia and in third countries to the list.

These firms provided direct or indirect support to the Russian defense industry.

In a war where innovation is key, restricting Russian drivers' access to technologies is critical, especially regarding drones.