>>823855
Then, we present a second block of measures to further constrain Russia's banking system and its ability to create alternative payment channels to fund economic activity. This is Russia's weak point, and we are pressing hard on it.

We are listing 20 more Russian regional banks, and we will take measures against crypto currencies, companies trading them and platforms enabling crypto trade, to close an avenue for circumvention. We are also targeting several banks in third countries involved in facilitating illegal trade in sanctioned goods.

With the third block of measures, we tighten export restrictions to Russia with new bans on goods and services – from rubber to tractors and cybersecurity services, worth over €360 million.

We also introduce new import bans on metals, chemicals and critical minerals, not yet under sanctions, worth over €570 million. And we introduce further export restrictions on items and technologies used for Russia's battlefield effort, such as materials used to produce explosives. We propose a quota on ammonia to cap existing imports.

To show our determination to cut sanction evasion, we will activate for the first time the Anti-circumvention tool, by prohibiting the export of any computer numerical control machines and radios to jurisdictions where there is a high risk that these products are re-exported to Russia.