Small Packages, Bigger Impact? EU Reportedly Eyes New Russia Sanctions Approach
The package includes more than 50 military-industrial entities and 37 new listings tied to Garpiya drones and Rassvet satellites, officials said.
- The European Union adopted its 21st sanctions package against Russia, including a $44 per barrel oil price cap and a visa ban for Russian combatants, despite delays caused by member states' vetoes.
- To secure unanimous approval, the EU granted Greece a renewable exemption allowing European shipping firms to transport Russian liquefied natural gas to third countries under pre-invasion contracts.
- This exemption benefits Greek shipping companies, such as Dynagas, which owns or manages specialized Arc7 LNG carriers designed for Arctic conditions and crucial to Russia's Yamal LNG exports.
- The EU is considering changing its sanctions approach from unified packages that require unanimity to smaller or national measures due to repeated veto-related delays.
29 Articles
29 Articles
Greece blocked a gas ban, France and Italy softened an entry ban—now Brussels tries 1,600 companies helping Russia’s war
The European Union is preparing to blacklist more than 1,600 companies that it accuses of feeding Russia's war against Ukraine, Bloomberg reported, citing anonymous sources. It would be the largest batch of firms named in a single European sanctions round, and it needs unanimous approval to take effect. Officials are aiming for adoption in the fall. The EU imposed sanctions after Russia seized Crimea in 2014, then added new packages after the 20…
(Berlin=Yonhap News) Correspondent Kim Gye-yeon = The European Union (EU) is considering sanctioning more than 1,600 companies deemed to be aiding Russia's invasion of Ukraine...
The European Union is preparing its largest ever sanctions package, blacklisting more than 1,600 companies for allegedly helping Russia's war in Ukraine. If member states approve the proposal, it would be the largest number of entities ever targeted in a single package, Bloomberg reported.
The European Union is changing the strategy in the new sanctions package against Russia, targeting for the first time the entire production and supply network of attack drones Garpiya, but also the Rassvet project, the Russian alternative to Starlink. According to European officials, the measures aim to reduce both Moscow's military capacity in the war in Ukraine and the long-term threat to Europe's security.
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