EU states struggle to agree sanctions on third countries assisting Russia in trade sanctions circumvention

By bne IntelIiNews June 12, 2023

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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Saudi ACWA Power signs $2.3bn agreement to build 2GW wind power plant in Egypt

Saudi Arabia renewable energy firm ACWA Power has signed a 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) to develop, build, own, and operate a 2GW wind ... more

Sudan agrees to host Russian naval base in Port Sudan, says foreign minister

Sudan and Russia have reached a final agreement on establishing a Russian naval base in the Sudanese Red Sea coast, Sudan’s Foreign Minister Ali Yusuf Sharif said on February 12 as cited by Al ... more

Stellantis plans to produce 1,000 automated vehicles at Kenitra plant in Morocco

Global vehicles manufacturer Stellantis plans to produce 1,000 units annually of its Automated Guided Vehicles (AGVs) at the group’s Kenitra plant in Morocco, Al Maghrebia reported on February ... more

Follow Us On

Most Read

  1. Indonesia expands military role in government, protesters clash with police in Jakarta
    5 days ago
  2. Serbian biotech Dren Bio sold to Sanofi for $1.9bn
    6 days ago
  3. Putin tells Russia's oligarchs that the return of Western business will not be easy or cheap
    7 days ago
  4. US sets six conditions for Iran talks in Trump letter to Supreme Leader
    5 days ago
  5. Korean opposition to push for impeachment motion against acting president
    5 days ago
  1. Ukraine doesn't have any rare earth metals, and the strategic minerals it does have are not worth trillions of dollars
    1 month ago
  2. DEATH OF THE SOVIET UNION: Mountain-dwelling Old Believer reflects on the USSR that passed her by
    3 years ago
  3. Indonesia expands military role in government, protesters clash with police in Jakarta
    5 days ago
  4. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    11 months ago
  5. Kaliningrad becomes an energy island after Baltic States cut Russian grid connection
    1 month ago

Reports

Dismiss