EU considers expanding sanctions on Russia

European Union (EU) international locations are planning to take new steps to extend the stress on the Russian financial system.

As a part of the sanctions, extra Russian banks and members of the family of oligarchs are thought-about to be positioned on the embargo record.


Among the many measures EU officers are discussing is tips on how to apply the bloc’s anti-money laundering blacklist in opposition to international locations discovered to be serving to circumvent Western sanctions, the Wall Road Journal experiences, citing diplomats and officers on the matter.

It was acknowledged that the discussions additionally included whether or not Russia must be positioned on the EU’s blacklist. In response to the information, a proposal on new sanctions is predicted from the European Fee subsequent week. The proposal should then be accepted by all 27 member states.


As well as, EU officers plan to focus on 4 non-sanctioned banks which were faraway from SWIFT, together with Moscow-based VTB.

The belongings of the financial institution in query had been frozen by the USA and the UK, however the EU delayed the sanctions on the financial institution.

It was famous that Brussels doesn’t at present have a plan for Gazprombank and Sberbank, which undertake the power funds made by European firms to Russia, to be included within the sanctions record.

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The EU has up to now kept away from banning gasoline, oil and coal imports from Russia.

Alternatively, officers mentioned EU international locations are working on “a lot broader” sanctions to forestall the households of Russian oligarchs from transferring overseas.

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