Coal veto in EU’s fifth package of sanctions against Russia

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Coal veto in EU’s fifth package of sanctions against Russia

The measures affect the Russian energy sector for the first time. The European Union has also banned certain European exports to Russia, especially high-tech goods. The Twenty-seven will also close their ports to Russian-flagged ships.

The European Union (EU) last night approved its fifth package of sanctions against Russia for its invasion of Ukraine, which hits the energy sector for the first time with the ban on Russian coal imports and also includes the veto on high-tech exports to that country. country.

The measures were proposed on Wednesday by the European Commission and adopted yesterday by Member States’ ambassadors to the EU, after two days of deliberations on their technical details, and will come into force following publication next Friday in the Official Journal of the Union.

The main novelty of the fifth round of sanctions against Russia is that for the first time Russian energy purchases will be restricted and an embargo on arms exports to Russia has been included.

For the time being, oil and natural gas have not been included in this sanction package. The EU does not rule out their inclusion in the future and the European Parliament yesterday asked in a non-binding resolution to also adopt an embargo on oil and gas, something Ukraine is also demanding.

On the other hand, the EU will freeze the assets of several Russian banks. Certain European exports to Russia will also be banned, especially high-tech goods, to undermine Russia’s industrial and economic base.

The Twenty-seven will also close their ports to Russian-flagged ships.

The EU has also imposed individual sanctions on two of Vladimir Putin’s daughters, Ekaterina Tikhonova and Maria Vorontsova.


Source: EITB

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