European Union Enforces More Sanctions On Russia-owned Businesses 

2 years ago
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Russian oligarchs have been hit by more sanctions and this time it is coming from the European Union who on Tuesday imposed bans on the Russian energy sector investments, luxury goods exports to Moscow and imports of steel products from Russia.

The bans also affected the businesses of Russian billionaires believed to ‘support’ Russian President Vladimir Putin including Chelsea owner Roman Abramovich and the head of Russian State TV Channel One Konstantin Ernst who were added to a blacklist that already includes dozens of wealthy Russians.

There has been three rounds of punitive measures handed to Moscow like the freezing of assets of the Russian central bank, the exclusion from the SWIFT banking system of some Russian and Belarusian banks, and the freeze of assets of oligarchs and top politicians, including Russia’s President Vladimir Putin and foreign minister Sergey Lavrov.

The European Commission said the sanctions included “a far-reaching ban on new investment across the Russian energy sector

Investment in energy projects within Russia run by other Russian companies, including gas giant Gazprom will also be banned.

The investment ban applies to the whole energy sector, excluding nuclear energy, because some EU countries still rely on technology provided by Moscow for Russian reactors on their soil, the official said.

However, Russia’s exports of several raw minerals, including fossil fuels and palladium, remain possible.

Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc.

In October 2004, Okosi joined Complete Communications Limited, publishers of Complete Sports newspaper and Complete Football magazine as a reporter and later script writer for the Complete Sports studio.

He worked there for 13 years until October 2017.

Okosi also worked various times as Correspondent, Content creator and Editor at Sports Market International Magazine, Opera News, All Nigeria Soccer Media and Iconic Media Watch.

He also undertook freelance writing gigs for some local and international organizations.

Okosi is a member of the Actors Guild of Nigeria (AGN), Association of Movie Producers (AMP), Association of Voiceover Artistes of Nigeria (AVOA), Sports Writers Association of Nigeria (SWAN) and Nigeria Union of Journalists (NUJ).

He has been part of cast in some Nollywood movies and radio dramas including Blood Money 2, Scores To Settle, Dead End 2, Another Campus Tale and Battle Line.

Aside mainstream media and the entertainment industry, he has interests in scouting/unearthing of talents in the sports and creative sectors, exports business and property development.

Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc.

In October 2004, Okosi joined Complete Communications Limited, publishers of Complete Sports newspaper and Complete Football magazine as a reporter and later script writer for the Complete Sports studio.

He worked there for 13 years until October 2017.

Okosi also worked various times as Correspondent, Content creator and Editor at Sports Market International Magazine, Opera News, All Nigeria Soccer Media and Iconic Media Watch.

He also undertook freelance writing gigs for some local and international organizations.

Okosi is a member of the Actors Guild of Nigeria (AGN), Association of Movie Producers (AMP), Association of Voiceover Artistes of Nigeria (AVOA), Sports Writers Association of Nigeria (SWAN) and Nigeria Union of Journalists (NUJ).

He has been part of cast in some Nollywood movies and radio dramas including Blood Money 2, Scores To Settle, Dead End 2, Another Campus Tale and Battle Line.

Aside mainstream media and the entertainment industry, he has interests in scouting/unearthing of talents in the sports and creative sectors, exports business and property development.


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