The European Union has banned the purchase and expansion of shares in companies operating in the Russian energy sector, according to a document published in the Official Journal of the EU.

“It should be prohibited to acquire any new or expand any existing participation in any legal entity, organization or body registered or established in accordance with the legislation of Russia or any other third country and operating in the energy sector of Russia,” the document says.

In addition, the European Union has banned the creation of joint ventures (JVs) with companies operating in the energy sector in Russia – the document says in a document published in the Official Journal of the EU.

“It should be prohibited … to create any new joint venture with any legal entity, organization or body registered or established in accordance with the legislation of Russia or any other third country and operating in the energy sector in Russia,” it says.

The European Union has banned the provision of financing to companies operating in the Russian energy sector, according to a document published in the Official Journal of the EU.

“It should be prohibited … to provide or be part of any arrangement for the provision of any new loan or loan or otherwise provide financing, including equity, to any legal entity, organization or body registered or established in accordance with the legislation of Russia or any other third country and operating in the energy sector in Russia,” the statement says. him.

The ban will come into force the day after its publication in the Official Journal of the EU.