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Wednesday, November 29, 2023

EU: The 4th sweeping wave of sanctions against Moscow – Detailed measures

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“Russia's ruthless invasion of Ukraine continues. Civilians are being attacked mercilessly, including in schools, apartment buildings and hospitals. And despite repeated offers from the Ukrainian side, Russia has shown no willingness to engage seriously so far in negotiations for a diplomatic solution. On the contrary, all we hear are new lies and false accusations. “And cynically, the humanitarian corridors have either not opened yet or are being bombed by Russian forces shortly after their announcement.” against Moscow, the fourth in a row.

We continue to work tirelessly to increase economic pressure on the Kremlin, the commission said, noting that the three sweeping waves of sanctions that have already been imposed have already dealt a major blow to the Russian economy.

“The ruble has fallen sharply. Many major Russian banks are cut off from the international banking system. “Companies are leaving the country, one after the other, not wanting to link their brands to a murderous regime,” he said, announcing a new “fourth package of measures to further isolate Russia and deplete the resources it uses to finance it.” of the barbaric war “.

The measures

First, the EU will deny Russia the status of the most favored nation in European markets. This will bring back significant benefits that Russia enjoys as a member of the WTO. Russian companies will no longer have preferential treatment in our economies. Efforts will also be made to suspend Russia's participation in leading multilateral financial institutions, including the International Monetary Fund and the World Bank. And it will ensure that Russia can not receive funding, loans or other benefits from these institutions.

Second, pressure will continue on the Russian elites close to Putin as well as their families and aides. their. That's why the G7 finance, justice and home affairs ministers will meet next week to coordinate the working group set up to target Putin's friends.

Third, it will ensure that the Russian state and its elites can not use cryptocurrencies to circumvent sanctions. “We will stop the group close to Putin and the architects of his war from using these assets to grow and transfer their wealth,” the head of the commission said.

Fourth, the export of any EU luxury products from our countries to Russia will be banned, as a direct blow to the Russian elite. Those who maintain Putin's war machine should no longer be able to enjoy their rich way of life while bombs are dropped on innocent people in Ukraine.

Fifth, very importantly, the import of basic goods in the field of iron and steel by the Russian Federation will be banned. This will hit a central sector of Russia's system, deprive it of billions in export revenues, and ensure that our citizens do not subsidize Putin's war.

Finally, a ban on new European investment in Russia's energy sector. Why should we not feed the energy dependency we want to leave behind. This ban will cover all investments, technology transfers, financial services, etc., for exploration and energy production – and therefore will have a major impact on Putin.

“The EU stands firmly on the side of the brave people of Ukraine,” von der Leyen said. Ukraine. This is the first tranche of the € 1.2 billion financial assistance package. More will follow. “

Source: ot.gr

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Source: politis.com.cy

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