Home ยป The sixth sanctions package against the Russian Federation: when it can be adopted and what restrictions are most likely to be in it

The sixth sanctions package against the Russian Federation: when it can be adopted and what restrictions are most likely to be in it

by alex

Early next week, the sixth sanctions package against Russia may be presented to member states of the European Union for decision.

According to Politico, a plan is currently being developed in Brussels on what restrictions include in the next package for the military aggression of the Russian Federation against Ukraine.

This is reported by the American agency Politico, citing four sources.

It is noted that the new package should include some form of ban on imports of Russian oil, and may also target more Russian banks in order to exclude SWIFT from the international payment system. As the article says, major Russian banks such as Gazprombank and Sberbank have not yet come under European sanctions because they are involved in energy deals.

Debate continues in Brussels over how fast and comprehensive a phase-out of imports from Russia will be in the future, as countries like Germany and Hungary, dependent on Russian energy imports, try to soften proposals. Therefore, the ban on oil, most likely, will distinguish between different grades of Russian oil and the way they are delivered by sea or by pipeline.

One of the EU diplomats said that they expect the next package of sanctions to be presented to the EU countries on Monday, after which the EU ambassadors will be able to discuss it within a week and possibly adopt it by Friday. At the same time, other interlocutors claim that the European Commission has not yet made an official decision on the timing, although they all expect a sanctions initiative at the beginning of the week.

Recall, because of the sanctions , announced by the United States, the “daughter” of the Russian “Alfa-Bank” was declared bankrupt in the Netherlands. This is the first Russian financial institution to file for bankruptcy.

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