The foreign ministers of the countries of the European Union (EU) reached a political agreement this Sunday to block financial transactions with the Central Bank of RussiaThis was announced by Josep Borrell, head of European diplomacy. With that measure,more than half of the reserves of the Russian Central Bank will be paralyzed, since they are […]
Tag: European Union
What is the SWIFT system and why is it the economic weapon to stop Russia?
The conflict between Russia and Ukraine has escalated to the highest in recent days, after the Slavic invasion last Thursday, February 24. After that, the United States has again proposed the withdrawal of Russia from the international financial system (SWIFT) in his eagerness to persuade the Russian president, Vladimir Putinnot to continue the aggression on […]
Expulsion of Russia from the financial system SWIFT gains support in Europe
After a brief reluctance on the part of some European Union countries, the proposal for United States to expel Russia of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is gaining more and more strength within the bloc of 27, in retaliation for the invasion of Ukraine. This last Saturday, February 26, Germany said it […]
Ukraine: decades oscillating between Russia and the West that triggered the Russian invasion
Since its independence in 1991, Ukraine has been divided between the West and Russiawhich in recent years did not stop expressing its opposition to the former Soviet republic approaching the European Union (EU). Independence On December 1, 1991, a country still integrated into the Soviet Union (which was dissolved on December 25, 1991), Ukraine votes […]
EU seeks to drown the Russian economy and includes Putin in second package of sanctions
The European Union (EU) approved this Friday its second package of sanctions against Russia, the result of the start of Moscow’s military operation on Ukraine, with which it intends to drown the Russian economy with financial, energy and commercial restrictions and in which it also included the freezing of assets of President Vladimir Putin. The […]
EU’s Borrell urges Europeans to morally arm themselves and prepare for the worst
The High Representative of the European Union (EU) for Foreign Affairs and Security, Josep Borrell, pointed out that Europe must “arm oneself morally”, “protect yourself financially” and “prepare for the worst” after Russia’s aggression against Ukraine. “Faced with this situation, the most dangerous that we have faced in Europe since the end of the cold […]
EU is willing to bear the economic cost of imposing sanctions on Russia
The European Union (EU) is willing to bear the economic cost of imposing sanctions on Russia, which will likely stem above all from rising energy prices, senior bloc finance officials said. EU leaders agreed on Thursday to impose new sanctions on Russia’s financial, energy and transport sectors, introduce export controls and blacklist more Russians over […]
The European aerospace sector, little exposed to EU sanctions against Russia
The European aerospace sector seems for the moment little affected by the sanctions of the European Union (EU) against Russia after its invasion of Ukraine. European aerospace giant Airbus said it was “analyzing the impact of the sanctions announced overnight on Thursday.” “We will comply with all applicable sanctions and laws as soon as they […]
EU does not believe that for now Russia will cut the supply of gas and crude oil
The head of diplomacy of the European Union (EU), Josep Borrell, said that at the moment he does not believe that Russia is going to cut off the supply of hydrocarbons, but affirmed that measures have been taken to have other sources of supply. “At the moment we do not expect it and we would […]
Agreement in the EU to sanction Putin and Russian Foreign Minister Lavrov with the freezing of assets
Updated on 02/25/2022 09:56 am The countries of the European Union (EU) reached an agreement on Friday to sanction the president of Russia, Vladimir Putin, and his chancellor, Sergey Lavrov, for the Russian offensive in Ukraine, diplomatic sources said. According to these sources, the block would adopt a freezing of assets or goods that Putin […]