The EC is proposing a new package of sanctions against Russia. “Moscow must continue to pay a high price for aggression”

– The brutal war against continues uninterrupted. That is why we are proposing today to tighten the EU measures against the Kremlin, enforce them more effectively and extend them until January 2023. Moscow must continue to pay high for its aggression, said the President of the European Commission Ursula von der Leyen on Friday (15 July).

The European Union will hit Russian gold. There will be a seventh package of sanctions

The new EC proposal aims to maintain and strengthen the effectiveness of the six previously introduced sanctions packages against Russia. The seventh package will ban the import of Russian gold, and strengthen export controls on dual-use and high-tech products. The package will tighten reporting requirements to tighten asset freezing in the EU -.

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The European Commission also informed that the new package does not apply to trade in agricultural products between Russia and countries outside the European Union. It has also been proposed to extend the current EU sanctions by 6 months, ie until January 2023. The package will now be discussed by Member States in the EU Council for adoption. The assumption is that the new package will be adopted by the member states next week.

– EU sanctions are severe. We keep hitting people close to Putin and the Kremlin. Today’s package reflects our coordinated approach with international partners, including the G7. In addition, I will also present to the Council proposals for the listing of more people and entities with frozen assets and limited travel opportunities, commented the head of EU diplomacy Josep Borrell, quoted in the press release.

Ukraine expects swift adoption of the seventh package of sanctions against Russia

Already at the beginning of July, Taras Zahorodnij, who co-headed the Ukrainian anti-crisis group, expressed his hope on the Ukraina24 television that the European Union would impose the seventh package of sanctions on Russia in a short time. In his opinion, the European Union should extend the embargo on Russian gas and further restrict the access of the Russian banking sector to global financial markets. – For example, Russia is excluded from the FATF, i.e. an anti-money laundering organization.

– Europe needs to take one more step to reduce gas use. They should be more active in building and using gas import terminals, which they will receive from the United States, Qatar or Israel, emphasizes the Ukrainian expert. Taras Zahorodnij adds that Ukraine can count on a wide stream of financial aid for the reconstruction of infrastructure damaged during the war. This is help from the European Union, the United States and other countries opposing Vladimir Putin’s aggressive policy.

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