EU foreign ministers are meeting in Paris on Tuesday night to make a political decision on sanctions. They proceed step by step. The first will focus on Russia’s actions in eastern Ukraine.
Brussels
Russian The European Commission, which has been preparing anti-economic sanctions, said on Tuesday what the first batch of sanctions will outline.
The sanctions list has four parts.
The targets are, firstly, those who were making Russia’s decision on Monday to recognize the separatist areas of eastern Ukraine.
Read more: What does the recognition of the independence of the separatist regions of Ukraine mean in practice? The researcher answers
President of the European Commission Ursula von der Leyenin and the President of the European Council Charles Michelin recognition of the territories violates international law.
According to the news agency Reuters, sanctions against individuals would mean, for example, members of the Russian Duma. It is still unclear whether there is a Russian president Vladimir Putin on the sanctions list.
In addition sanctions will be targeted at banks financing Russian operations in separatist areas.
The third objective of the sanctions is to prevent the Russian state and government from gaining access to EU capital and financial markets and similar services.
According to the news agency Reuters, the EU ambassadors who met in the morning had discussed, among other things, a ban on trading in Russian government bonds in the European market.
In addition, sanctions are being imposed on the separatist regions of Donetsk and Luhansk to trade with the EU.
European Union progresses in sanctions step by step. According to the Commission, the EU has already prepared and is ready to take further action if future developments warrant it.
The sanctions will be on the agenda at an informal meeting of EU foreign ministers in Paris at 4 pm, where the Finnish Foreign Minister will also be present. Pekka Haavisto (green). The meeting will take the necessary political decision on the sanctions, after which they should be enforced quickly.
In Brussels European ministers are currently meeting, one of the topics of which will be Ukraine.
“We are responding to this violation of international law with sanctions that are targeted as precisely as possible and have a strong legal basis,” said the Finnish Minister for Europe. Tytti Tuppurainen (sd) said before the meeting.
According to Tuppurainen, Finland has always emphasized that sanctions must have a legally strong foundation. Now Russia has violated international law, which is an action that can be addressed with sanctions.
Also Britain said on Tuesday of new sanctions against Russia.
Britain is imposing sanctions on five Russian banks and three “very wealthy” people.
According to the news agency Reuters, one of the people is a Russian businessman Gennady Tymoshenko. Timtsenko also has Finnish citizenship.
Sanctions were also imposed To Boris Rotenberg and Igor Rotenberg.
The Prime Minister of the United Kingdom Boris Johnson according to the sanctions target Russian individuals and actors who are strategically important to the Kremlin, according to the news agency AFP.
Bank sanctions apply to Rossiya Bank, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank.
Johnson said Britain was holding additional sanctions ready to be introduced alongside the European Union and the United States.
“This is the first batch, the first dam, of what we’re ready to do,” Johnson said.
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