EU states struggle to agree sanctions on third countries assisting Russia in trade sanctions circumvention
European Union members states appear to be struggling to agree on what sanctions to apply to third countries seen as substantially assisting Russia in circumventing Ukraine war trade sanctions.
The European Commission has proposed a new mechanism to target countries seen as not doing enough to prevent Russia from evading export restrictions. Countries possibly under scrutiny for the potential application of EU sanctions include Turkey, the UAE, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
The EU has been applying diplomatic pressure to try to improve the sanctions enforcement of third countries in terms of trade with Russia, with dual-use goods—namely, goods that can be diverted from civilian industry customers to use by military producers—a particular concern. The idea is that if that pressure proves ineffective, a mechanism would give EU member nations the power to place export restrictions on key goods.
“Some governments worry that targeting third countries could damage the EU’s relations with those nations and push them even closer to Russia,” Bloomberg quoted an EU source as saying on June 9.
Related Articles
Iraq holds talks with Excelerate Energy on buying first LNG from US
Iraq is in the final stages of negotiating its first-ever purchase of LNG supplies as power outages hamper the Middle East country, Bloomberg reported on June 26. Dallas-headquartered Excelerate ... more
Reformist Kamil al-Tayeb Idris appointed as Sudan’s new Prime Minister
Sudan’s Sovereign Council head, Abdel Fattah al-Burhan, issued a constitutional decree on May 19 appointing Kamil al-Tayeb Idris as the new prime minister, Al Sharq Al Awsat reported. He also ... more
Egypt examines LNG supply offers from Saudi Aramco, UAE’s Adnoc, Algeria’s Sonatrach, and QatarEnergy
Egypt's state-owned gas company EGAS has received several offers to supply liquefied natural gas (LNG) shipments urgently needed for summer, Al Sharq reported on May 18, citing an unnamed government ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
15 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago