European Union extends economic sanctions against Russia | Economy

People queue outside a branch of Russia’s Sberbank in Prague, Czech Republic in 2022. (Photo: AFP/VNA)

The European Union (EU) on January 27 decided to extend the economic sanctions for Russia for another 6 months (until July 31, 2023).

The EU imposed sanctions on Russia for the first time in 2014 following Russia annexed Crimea. These sanctions have been regularly renewed over the past eight years and were significantly extended in February 2022, in connection with Russia’s special military operation in Ukraine. So far, the EU has imposed nine rounds of sanctions once morest Russia.

The EU economic sanctions package aimed at Russia includes a series of measures such as restrictions on trade, finance, technology and dual-use goods, industry, transport and luxury goods. There is also an import or transportation ban crude oil by sea and some petroleum products from Russia to the EU, removing Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and suspending broadcasting and the license of a media agencies funded by the Russian government.

In addition, the EU has also applied many measures such as restricting economic relations with Crimea, the city of Sevastopol…, freezing assets and restricting travel for many individuals and organizations. and other diplomatic means.

[Hungary sẽ phủ quyết lệnh trừng phạt mới của EU nhằm vào khí đốt Nga]

Regarding EU sanctions once morest Russia, Hungarian Prime Minister Viktor Orban on January 27 announced that the country will not allow the extension of EU sanctions on the industry. nuclear industry of Russia.

“We will not allow sanctions to increase Hungary’s inflation,” Orban said on Kossuth radio. The most important thing here is the price of energy. Therefore, we will not allow the plan to expand sanctions on nuclear energy.”

Prime Minister Orban noted that 97% of the country’s people polled were opposed to prolonging sanctions on Russia’s nuclear energy.

Hungary is operating the Paks nuclear power plant, built according to the design of the former Soviet Union. This plant has 4 reactors of type VVER-440 with a capacity of 2000 MW. According to various sources, the facility produces more than half of Hungary’s total electricity.

Huong Giang-Duy Trinh (VNA/Vietnam+)

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