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Light penalties for services and shipping – What Cyprus has won

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The sixth package of sanctions against Russia, which was approved by the states & # 8211; EU member states at the level of leaders after 26 days of consultations, has a lesser impact on the Cypriot economy, compared to the original package announced by the President of the European Commission.

According to information from politis. com.cy:

– European-flagged tankers will be able to transport Russian gas to third countries. Cyprus, like Greece and Malta, has argued that a ban on Russian oil shipments to European ships would hit the industry hard without preventing shipments from third countries.

Russians, restrictions are introduced but not to the extent that it creates a major problem for Cypriot professionals.

-Finally, he did not pass a proposal for an additional sanction, the ban on the sale of real estate to Russians. Government spokesman Marios Pelekanos welcomed the agreement on the sixth package of sanctions, confirming that Cyprus' demands had been accepted.

& # 8220; The Republic of Cyprus is pleased that important issues concerning the Member States in relation to their financial viability have been taken into account. As we note at every opportunity, sanctions are an important policy tool in the hands of the European Union, and the relevant decisions should be guided by the guidelines that these measures should be sustainable and have a much greater economic impact on the third countries to which they are addressed than in the EU Member States.

At the same time, what we are emphasizing is the importance of mobilizing the tools available to modern democracies. Diplomatic efforts should be intensified and strengthened to put an end to the Russian invasion of Ukraine as soon as possible, resulting in the loss of innocent lives, the uprooting of millions of families from their homeland and a chain reaction for the whole of Europe & # 8221 ;, concludes Mr. Pelekanos.

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Source: politis.com.cy

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