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The role of sanctions in countering the Russian Federation’s war of aggression against Ukraine

Amendment No. 8 | Doc. 16000 | 25 June 2024

Signatories:
Mr Serhii SOBOLIEV, Ukraine, EPP/CD ; Mr Taras BATENKO, Ukraine, NR ; Ms Larysa BILOZIR, Ukraine, ALDE ; Mr Pablo HISPÁN, Spain, EPP/CD ; Mr Yuriy KAMELCHUK, Ukraine, EPP/CD ; Ms Iryna KONSTANKEVYCH, Ukraine, EC/DA ; Ms Yevheniia KRAVCHUK, Ukraine, ALDE ; Ms Mariia MEZENTSEVA, Ukraine, EPP/CD ; Mr Emanuelis ZINGERIS, Lithuania, EPP/CD
Origin
2024 - Third part-session
In the draft resolution, replace paragraph 11.3 with the following paragraph:

"bolster corporate responsibility, by:

X.X.1 establishing corporate responsibility codes impeding trading with the Russian Federation, directly or via third countries, in strategic sectors critical to its war effort;

X.X.2 providing clearer guidance on the sanctions regime to the private sector, especially in relation to the "No Russia clause" imposed on European Union exporters;

X.X.3 introducing due diligence systems to track the complete route of their exports;

X.X.4 introducing criminal liability for corporate managers of companies involved in sanctions violation and circumvention;

X.X.5 enhancing the effectiveness of inspections and investigations;"