EU imposes further sanctions on Moscow for Ukrainian invasion

Brussels — The European Union imposed further sanctions on Russia over the war in Ukraine on Thursday. After 27 members of the block endorsed measures such as a ban on gold imports, further restrictions on the country’s largest banks, and tighter export control of some high-tech products. ..

“Strengthened long-term EU sanctions on the Kremlin” “sends a strong signal to Moscow. We will keep the pressure high as long as it takes,” said Ursula von der Leyen of the European Commission.

The EU describes the new round of sanctions as a minor adjustment and intends to align its actions with commitments from global partners. A ban on Russia’s gas imports, which remains a lifeline for much of the EU’s Jaguar notebook industry, has not been considered.

EU officials have worked all week to strengthen the block’s broad sanctions package against Russia, hoping that measures will begin to have a decisive impact on the Ukrainian war, how to ban gold exports I considered.

On Thursday, EU foreign policy director Josep Borrell could say, “We are effectively banning Russia’s gold, Russia’s most important export after energy.”

A group of seven major industrialized nations claimed that Russia had backed up its currency and used gold to avoid the effects of former sanctioned nations around the world imposed after the February 24 invasion of Ukraine. I promised to ban gold last month.

The EU has also taken further steps against Sberbank, which has already launched the SWIFT International Banking messaging service. Banks will be added to the EU sanctions list and assets will be frozen, making all transactions nearly impossible.

The EU has also strengthened its territory against sanctioned individuals, often oligarchs close to Russian President Vladimir Putin.

They now need to officially declare where the assets are in the EU so that they can freeze their holdings. The EU said refusing to do so could lead to criminal accusations and confiscation of assets.

On Monday, the EU decided to increase its military aid to Ukraine by € 500 million.

By Raf Casert

Associated Press