Russia responds to ‘fake’ referendum on annexation of four occupied territories in Ukraine
The European Union (EU) is pushing for additional sanctions once morest Russia, including an upper limit on the price of Russian crude oil and an import restriction worth 7 billion euros (regarding 9.7 trillion won).
This is a measure in response to the referendum on annexation of territories in the Russian-occupied territories in Ukraine.
It is also a response to a series of escalating tensions in the Ukraine war, including the military mobilization orders of Russian President Vladimir Putin and the nuclear threat.
European Commission President Ursula von der Leyen held a press conference in Brussels on the 28th (local time) and said: “The referendum on annexation is an illegal attempt to steal territory and move the position of internationally recognized borders. “We cannot tolerate a referendum or any form of annexation of territory in Ukraine,” he said.
“Last week, Russia took steps toward escalating tensions in its war of invasion once morest Ukraine,” he said.
The additional anti-Russian sanctions package includes a legal basis for introducing a cap on the price of Russian crude oil.
It also includes import restrictions worth 7 billion euros.
According to the Frankfurter Allgemeine Zeitung (FAZ), the import restrictions will include steel products and some special types of coal and diamonds needed for oil refining.
EU citizens are barred from gaining seats on the leadership committees of Russian state-owned companies.
In addition, the EU will not be able to export certain core technologies related to aviation, electronic parts, and special chemical raw materials to Russia.
The EU’s plan is to continue to weaken Russia’s economic foundation and modernization capabilities.
At the same time, the number of individuals subject to entry bans and asset seizure increases.
This includes those who organized fake referendums in four Russian-occupied territories in Ukraine.
High-ranking officials from the military and defense industry are also involved.
A list of those attempting to circumvent sanctions is also created so that they cannot avoid sanctions.
This package, proposed by the Commission, can only be implemented following discussions among the 27 EU member states and a unanimous resolution.
The EU has already decided to ban the import of Russian crude oil into the EU by sea following December 5.
In addition, the seven major countries (G7) have agreed in principle to enforce the cap on the price of Russian crude oil worldwide.
The goal is to reduce imports from Russia’s crude oil exports.
According to the G7 plan, worldwide shipping of Russian crude oil or refined products will be possible only when the crude oil or refined product is purchased below a certain price.
The position of the G7 is that insurance companies can operate in the form of providing insurance services only when they purchase Russian oil below a certain price.
“The cap on the price of Russian oil will, on the one hand, reduce Russia’s imports and, on the other hand, keep the global energy market stable,” Von der Leyen said.
However, Hungary, Greece and Cyprus have expressed their opposition to the price cap.
/yunhap news
