10 Articles
10 Articles
In a report published this Tuesday, the European Court of Auditors (ECA) points to the lack of convergence of rules and the too low exchange of information between customs in EU Member States. ...
The Court of Auditors' report states that EU trade with Moscow has fallen by 75% but strategic goods are still exchanged.
A report by the auditors points out that Russia has managed to mitigate the impact of EU sanctions for the invasion of Ukraine by diverting imports through third countries such as Turkey, Armenia or Serbia while 44% of goods exported to Russia were produced by subsidiaries of Western companies based outside the UEFrom cod to shipping companies: Europe's business interests languish against sanctions against Russia Legal ambiguity, inconsistent en…
Due to shortcomings in the enforcement and monitoring of EU sanctions against Russia, there is a risk of the trade sanctions against that country being circumvented, the European Court of Auditors (ECA) concludes. Furthermore, the sanctions are less effective than they could be because EU member states are not implementing them in the same way, the ECA states in a report published on Tuesday.
Lack of coordination between the 27 Member States of the European Union, ambiguous legislation and weak control by Brussels of compliance with the 21 sanctions packages allow Russia to explore weaknesses and continue to import assets important to the war effort, concludes TEC audit
Despite the abrupt breakdown of exports, the bloc is Russia's third largest trading partner, and many sanctioned products continue to reach the country indirectly, European auditor alert.
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