(Reuters.) – Russia launched an unprecedented and unprovoked attack on Ukraine, which the European Union has imposed 2 sanctions packages.

Other sanctions may follow, including suspension of Russia’s global SWIFT payment network access. This is in addition to the sanctions in place following Russia’s annexe of Crimea in 2014.

EU says sanctions have been imposed to cripple Kremlin’s financial ability and impose clear economic costs and political consequences on Russia’s elite political leaders responsible for invading.

Here is a listing of all the actions taken so far.

BLACKLISTINGS

The EU has also blacklisted many more individuals, most of whom are members of Russia’s parliament. Many of these people voted to recognize the eastern Ukraine breakaway regions. The EU has frozen their bank accounts and banned them from going to the bloc.

Russia’s President Vladimir Putin is the most visible person on the blacklist. Foreign Minister Sergey Lavrov is exempted from travel ban. These blacklists are intended to allow for negotiations should they become available.

Putin, Bashar al-Assad of Syria and Alexander Lukashenko from Belarus are the only two world leaders that have been blacklisted by EU. The total blacklist includes 654 people and 52 entities.

SANCTIONS AIM TO TARGET FINANCE & ECONOMY

Russia has been sanctioned to curb its access to EU capital market, to increase borrowing costs and to gradually reduce its industrial base.

The sanctions also include an asset freeze on three Russian banks and a financial ban on three other banks.

Also, the sanctions ban any lending to or purchase of securities by Russian government and banks.

According to Ursula von der Leyen, chief EU Commission officer, seventy percent (measured in assets) of Russia’s banking system will be shut down by the government and other key state-owned entities. They won’t have the ability to finance on the EU capital markets.

ENERGY SECTOR

Russia is prohibited from exporting certain technologies that are used in refining, and this makes it difficult for Russia to upgrade its oil refineries. The sanctions add to the existing ban on oil equipment that was imposed in 2014. The bloc claims that Russia earned 24 Billion Euros from EU oil exports in 2019.

TRANSPORT SECTOR

The EU bans the sale, transfer, supply, and export of any aircraft or aircraft parts to Russia. This includes all related services to repair, maintenance, and financing aircraft.

The EU claims that three quarters of Russia’s commercial aviation fleet were constructed in the EU. EU stated that Russia will no longer be able maintain its aircraft to international standards because of the sanctions.

DUAL-USE PRODUCTS AND ADVANCED TECHNOLOGY

EU sanctions have been tightened on products that are suitable for both civilian and military use. This is a direct attack against Russia’s military industrial complex, and it has reacted by limiting Russia’s access to high-tech technology, such as drones and software, encryption devices, and semiconductors.

These actions are intended to reduce Russia’s technological capability over time.

DIPLOMATVISAS

Russian passport holders with diplomat status will be no longer able to enter the EU visa-free. Russian business and government officials as well will no more receive lower fees for applying for visas. Russian citizens will continue to enjoy the same benefits as before, but this measure won’t apply.

TRADE IN UKRAINE WITH BREAKAWAY REGIONS

EU has placed an import ban on goods coming from east Ukraine breakaway areas. This applies to both doing business there with tourist services and exports of specific goods and technologies.