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.
27 Articles
27 Articles
(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 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.
The case of Greece, which failed to agree on the 21st package of sanctions against the Russian Federation, because they harmed the George Prokopio business, led the EU to reflect on a new approach to the adoption of restrictions.
Brussels found Russia’s LNG weak spot — then carved out an exception for a Greek billionaire
The European Union deserves credit for adopting its 21st sanctions package against Russia. Every new measure that limits the Kremlin’s ability to finance its war against Ukraine matters. But this latest package also contains a dangerous precedent. To secure unanimous agreement, the EU reportedly granted Greece a renewable exemption allowing European shipping companies to continue transporting Russian liquefied natural gas (LNG) to third countrie…
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