EU lists two individuals and four entities for circumventing EU sanctions

The Council decided to impose restrictive measures against two individuals and four entities responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.

The Council is listing Dmitry Beloglazov, and his company LLC Titul. Dimitry Beloglazov is responsible for setting up a complex circumvention scheme together with Oleg Deripaska, who is already subject to EU restrictive measures. His company LLC Titul created a subsidiary called Joint Stock Company Iliadis to acquire Oleg Deripaska’s share in the International LLC Rasperia Trading Limited. Rasperia owns €28,5 million shares in another European company, STRABAG SE, the assets of which have been frozen as a result of EU restrictive measures. Through this mechanism, Deripaska managed to sell his Rasperia frozen assets, and received an equivalent economic benefit. In view of this circumvention scheme, JSC Iliadis and Rasperia were also sanctioned by the Council.

Today’s new listings also include PJSC TransContainer and its General Director Mikhail Kontserev. PJSC TransContainer is a Russian transportation company and Russia’s largest railway container operator. Its revenues increased throughout 2023 also thanks to the flow of Belarusian cargoes, and the company’s participation in illegal weapon trade schemes with the Democratic People’s Republic of Korea (DPRK) in support of the Russian Government.

Altogether, EU restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine now apply to over 2 200 individuals and entities. Those designated today are subject to an asset freeze and EU citizens and companies are forbidden from making funds available to them. Natural persons are additionally subject to a travel ban, which prevents them from entering or transiting through EU territories.

The relevant legal acts have been published in the Official Journal of the European Union.

On 24 June 2024, the Council adopted a 14th package of economic and individual restrictive measures targeting high-value sectors of the Russian economy, making it ever more difficult to circumvent EU sanctions, and adding 116 individuals and entities to the list of those responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.

In its conclusions of 27 June 2024, the European Council reconfirmed the European Union’s continued support for Ukraine’s independence, sovereignty and territorial integrity within its internationally recognised borders and the EU’s unwavering commitment to providing continued political, financial, economic, humanitarian, military and diplomatic support to Ukraine and its people for as long as it takes and as intensely as needed. 

Russia must not prevail.

The European Council also welcomed the adoption of the 14th package of sanctions against Russia and the agreement on further restrictive measures against Belarus. It called for the full and effective enforcement of sanctions as well as for further measures to counter their circumvention, including through third countries. The European Union remains ready to further limit Russia’s ability to wage war and urges all countries not to provide any material or other support for Russia’s war of aggression.