Tag EU

EU Approved 6th Sanctions Package Against Russia 


The EU Council has finally adopted the sixth package of sanctions against Russia, which was stated in its resolution published today, on Friday, June 3, 2022.   It is specified that the ban on crude oil supplies “has been postponed for 6 months, for petroleum products – for 8.” In addition, “Bulgaria and Croatia will receive

EU Suspended Russia’s Access To Vital Crime Data Sharing Programme


Amid the unprecedented waves of EU and US sanctions imposed on Russia after the start of its military operation in Ukraine, the EU has suspended its drug traffic data sharing programme with Russian law enforcement agencies.   “The EU has suspended contacts and data sharing with Russia as part of the European Monitoring Centre for Drugs

Economics | Business  | 26.05.22

Russia’s Frozen Reserves Appeared to Be Smaller Than Expected by EU


The EU has frozen roughly €23 billion worth of assets of the Russian Central Bank, Reuters reported, citing EU Justice Commissioner, Didier Reynders, who revealed the figure at a news conference on Wednesday, May 25, 2022. He noted that the amount is much smaller than expected and can’t be compared to the assets frozen by

Greece to Give US Iranian Oil From Russian Tanker


Greece will transfer oil to the US from the Russian tanker Lana (Pegas), which was detained in mid-April this year, as TASS reported on May 26 with reference to the press service of the Ministry of the Navy and Island Policy of Greece.   Earlier, on April 19, it became known about the detention of the

French Newspaper: EU Failed to Find Replacements for Russian Gas


Some EU countries are pushing forward the idea of refusing Russian hydrocarbon supplies due to Russia’s special military operation in Ukraine. Now the EU countries are facing troubles finding replacements for Russian hydrocarbons, especially gas, French newspaper Le Monde diplomatique states.  The article explains that in their effort to stop purchases of Russian hydrocarbons, the

Brussels Reportedly Running Out of Anti-Russian Sanctions


Brussels has already applied over 950 sanctions against Russia over its decision to recognize the Donbass republics as sovereign nations in February and the military operation in Ukraine. So, according to an EU diplomat, the union is running out of sanctions it can slap on Russia.  “The 7th package of sanctions against Moscow will be

Insight | Around Russia  | 11.05.22

Russians Changed Attitude Towards EU Countries Amid Sanctions and Harassment


The All-Russian Public Opinion Research Center (VTsIOM) analyzed the results of a monitoring study on the attitude of Russians to the countries of the EU and discovered a negative trend.  Numerous economic sanctions and unfriendly statements by European politicians against Russia have caused a deterioration in the attitude of Russians towards the EU countries. In

Russia Condemned EU’s Idea to Transfer Country’s Frozen Assets to Ukraine


The proposal of the EU foreign policy chief, Josep Borrel, to withdraw Russia’s frozen foreign exchange reserves and direct them to the restoration of Ukraine is lawless and undermines confidence in Europe, the Deputy Foreign Minister of Russia, Alexander Grushko, said.  “This is the destruction of the very foundation of international relations, and these decisions,

Three EU Countries to Be Exempted From Embargo on Russian Oil


The EU proposes to give Hungary, Slovakia and the Czech Republic the opportunity to keep importing Russian oil until 2024, as Bloomberg reports. According to the source of Bloomberg, they want to give these countries time to abandon Russian oil until December 31, 2024.  It is noted that Brussels proposes to introduce the exception for