Europe impose strict sanctions against Russia as the only language

Europe impose strict sanctions against Russia as the only language

The European Union announced a new sanction package against Russia on Tuesday, since Moscow's daily fatal attacks on Ukraine show that the country has no interest in peace - despite the latest diplomatic efforts.

Details on the new sanction package

The new package- the 18th, which has been in the beginning of Russia, unprovokant invasion 2022- aims to further restrict the ability of the Kremlin to capitalize on oil and gas production. The suggestions include a lowering of the price cover for Russian Oillexports to 45 US per barrel Transaction ban for Russian banks and financial institutions in third countries who support Russia in avoiding existing sanctions.

ban on the use of Russian energy infrastructure

The EU also plans to prohibit the use of the use of Russian energy infrastructure that prohibits every EU operator directly or indirectly in connection with north stream pipelines. However, this new sanction package must be approved by the 27 Member States of the EU, which could be complicated in the face of earlier concerns of some pro-wick-friendly governments such as Hungary and Slovakia.

statements by Ursula von der Leyen

Ursula von der Leyen, the President of the European Commission, said that the sanctions were necessary, "because strength is the only language that Russia understands". She emphasized that the EU supports peace efforts for Ukraine, but despite weeks of diplomatic attempts and the offer of unconditional ceasefire by President Wolodymyr Selenskyj, Russia continues to bring death and destruction. "Russia's goal is not peace, but the enforcement of power. Therefore we increase the pressure on Russia," she said at a press conference in Brussels.

response to the ultimatum to Russia

The leaders of Germany, France, the United Kingdom and Poland asked Russian President Wladimir Putin last month, a 30-day ceasefire or to expose themselves to "massive" sanctions. Putin ignored this ultimatum and instead struck " Direct conversations " between Moscow and Kiew. However, two rounds of negotiations in Istanbul, Türkiye, have made it clear that Russia adheres to its maximum demands, which essentially be able to captivate Ukraine.

targeted sanctions in the energy sector

The EU has targeted the energy sector of Russia because oil exports still make up a third of the Russian government's income. "We have to reduce this source of income," emphasized von der Leyen. The oil price lid was introduced by the EU and the G7 countries in December 2022. The upper limit, which applies to the Russian sea shipping oil exports, prohibits western companies to offer transport, insurance and other services required to export the crude oil, provided the price is above the defined threshold.

expanded financial sanctions

In order to achieve another goal, the Commission plans to tighten the sanctions to the Russian banking sector. Shortly after the invasion, some Russian banks were excluded by the western countries by the Swift intelligence service, which makes it difficult for them to send and receive funds from abroad. Now the Commission is planning to ban EU companies to carry out transactions with certain sanctioned Russian banks and also add another 22 Russian banks to the list. In addition, the EU would like to expand the transaction bans to financial institutions into third countries that help Russia avoid existing sanctions.

technologies cantions

from the Leyen said that the latest sanction package will also expand the existing export stop for materials and technologies to ensure that Russia does not find any ways to modernize its weapons with European technology. In addition, new measures against 22 Russian and foreign companies are also introduced, which support the military and industrial complexity of Russia directly or indirectly.