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Home What is the consolidated list of financial sanctions targets?
29 Sep 2022 By PAYCEC
Generally, the purposes of sanctions are:
- change undesirable behavior (e.g., Syria)
- limit opportunities for undesired behavior (e.g., Russia, extensive restrictions on oil and coal imports)
- deter other countries from taking an undesired course of action
In particular, the EU Consolidated Sanctions list contains the list of persons, groups, and entities whom Europe forbids from disposing of their economic resources.
For example, in early 2022, Russia launched a “special military operation” in eastern Ukraine. Since then, the EU has approved seven sanctions targeting Russia. The current preventive measures include a freeze of funds, financial assets, and economic resources for an estimated 1,206 Russian individuals and 108 entities.
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