Feb 10 β€’ 06:58 UTC πŸ‡±πŸ‡» Latvia TVNET

EU considers sanctions against ports accepting Russian oil

The EU is proposing to expand sanctions against Russia to include Georgian and Indonesian ports involved in Russian oil transactions.

The European Union (EU) has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that are engaged in Russian oil transactions, as reported by Reuters based on EU documents. This would mark the first instance where the EU imposes sanctions on ports located in third countries. The proposal indicates that sanctions would specifically target the Kulevi port in Georgia and Karimun port in Indonesia, prohibiting EU companies and citizens from conducting business with these ports.

This move is part of the EU's 20th sanctions package aimed at addressing Russia's invasion of Ukraine. In addition to the port-related sanctions, the package includes new bans on importing various Russian goods such as metals, iron ore, unprocessed and processed copper, and metals scrap, including aluminum. It also aims to restrict imports of salt, ammonia, pebbles, silicon, and furs, reflecting the EU's strategy to tighten economic pressures on Russia in response to its ongoing conflict with Ukraine.

Furthermore, the EU has suggested adding the Kyrgyz banks 'Keremet' and 'OJSC Capital Bank' to the sanctions list, thereby indicating an intention to expand its restrictive measures beyond just direct Russian entities. This comprehensive approach demonstrates the EU's commitment to creating heightened economic barriers to undermine Russia's capacity to fund its military actions in Ukraine, thereby signifying the ongoing geopolitical tensions in the region.

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