Copyright © 2021 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

EU considers exports curbs against countries that help Russia avoid sanctions, FT says

sanctions to Russia
Image: open source

The European Commission is elaborating a mechanism that would restrict exports from the EU to those countries that re-export sanctioned goods to Russia, the Financial Times reported.

According to the Financial Times, the European Commission eyes further restrictions to close Russian sanctions loopholes and prevent exports of products that Russia can use for warfare. The EU plans to develop a legal framework to identify such goods and countries that keep exporting them to Russia. If states, after receiving a warning from the EU, continue to violate the restrictions, then exports control measures will be applied against them, the Financial Times reported.

G-7 nations consider outright ban on exports to Russia, Bloomberg says

Some EU members have expressed concern about how such measures could affect their relations with third countries and whether such steps are consistent with global trade rules, the Financial Times claimed, referring to anonymous sources in the European Commission.

Discussions on the issue will continue. Such a move is being considered as part of the upcoming 11th package of sanctions against Russia.

Related:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!
Total
0
Shares
Related Posts