2023-06-21 13:55:00
The agreement was reached in the Committee of Permanent Representatives of the Member States to the EU in Brussels. It now has to be accepted by the EU countries. However, this is considered a formality.
Among other things, the plans provide for the possibility of restricting selected exports to certain third countries due to suspected circumvention of sanctions. Many products from the EU countries themselves have not been allowed to be delivered to Russia for months.
Examples of countries used to circumvent sanctions once morest Russia include Kazakhstan, Armenia, the United Arab Emirates and China. Turkey was recently certified by EU experts to react comparatively decisively to indications of sanctions being circumvented.
EU Commission President Ursula von der Leyen welcomed the agreement on the sanctions package. It will deal another blow to the war machine of Russian President Vladimir Putin with tightened export restrictions. It also targets institutions that support the Kremlin. “Our anti-sanctions evasion tool will prevent Russia from getting its hands on sanctioned goods.”
Regarding the previous sanctions once morest Russia, the Commission chief recently said that the EU export bans alone affect goods with a pre-war trade volume of around 50 billion euros per year. This corresponds to a share of 55 percent. The EU import bans on goods from Russia therefore affect 60 percent of pre-war exports with a value of around 90 billion euros.
Immediately following the proposals for the sanctions package were presented in early May, there were also lengthy discussions regarding whether individual countries should be pilloried if they are used to circumvent sanctions once morest Russia. The main reason for this was the concern of some countries that possible action once morest China might result in retaliatory measures and negative effects on trade relations. A very cautious approach was therefore agreed.
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