popular articles

Tougher European Sanctions

The EU is considering a tightening of European sanctions against Russia. These would be "economic and individual" measures. The 27 will have to find an agreement, while the EU remains divided on the issue.

Please share:

 

A tightening of European sanctions against Moscow is expected. In fact, the EU is responding to the escalation in the war in Ukraine.

Thus, the EU is considering a cap on the price of oil and strengthening sanctions on individuals. In addition, the Union is considering further restrictions on high-tech exports to Russia.

New European sanctions

Vladimir Putin’s nuclear rhetoric is pushing the EU to react. Thus, the foreign ministers of 27 countries are planning new sanctions against Moscow. These European sanctions would be a series of “economic and individual” measures.

Ursula von der Leyen adds:

“[Les sanctions européennes incluraient] additional export controls on civilian technology.”

Among these measures, the question of a cap on the price of oil is making a comeback. Thus, the EU is considering aligning itself with the G7.

Penalties for individuals

In Brussels, a European diplomat adds:

“We also fully expect more individual listings.”

In fact, European sanctions could, according to some sources, affect individuals. The same sources mention a list drawn up by Alexei Navalny. It includes 6,676 people described by A. Navalny as “corrupters and warmongers”. Thus, this list will complement the EU blacklist. It currently comprises 108 entities and 1,206 people.

In addition, some European states want to target relatives and close associates of those already sanctioned.

In addition, the EU should recognize certain flaws. Thus, the 27 should agree to recognize circumvention of sanctions as a criminal offence within the EU.

Finally, the question of Russians fleeing from conscription must be addressed. The three Baltic States announced that they would not offer refuge to the latter. Similarly, Finland and Poland limit the arrival of Russians. However, the EU has always rejected the introduction of a blanket travel ban.

A coordinated response?

The question of European unity arises, while some states are experiencing more difficulty in turning away from Russia. In fact, the question of a cap on the price of Russian oil is accompanied by many questions.

European sanctions already provide for an embargo on Russian oil. This will take effect by the end of the year. However, there are some exemptions. This is the case, for example, in Hungary.

Another proposal is restrictions on exports of luxury goods to Russia. Some want a ban on Russian diamonds and the confiscation of Russian assets in Europe. However, others consider it highly unlikely that such a measure will be introduced.

Thus, the European Union is divided on the issue of European sanctions. Germany has always opposed tighter economic restrictions. For his part, Viktor Orban, close to V. Putin, pleads for the abolition of all European sanctions.

In short, European unity remains fragile on this issue. An EU official states:

“I don’t know how quickly we can agree on new sanctions.”

The European Commission is expected to present a written proposal next week. These new European sanctions could be approved by the 27 at their meeting in Prague. It will be held on October 6 and 7.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Amid uncertainty over Russian gas deliveries to Transnistria, Romania commits to ensuring Moldova's energy security this winter, with emergency measures for electricity and gas supplies.
The Norwegian industry anticipates a 4% increase in offshore investments in 2025, reaching NOK 275 billion, with enhanced exploration to slow the natural production decline.
The Norwegian industry anticipates a 4% increase in offshore investments in 2025, reaching NOK 275 billion, with enhanced exploration to slow the natural production decline.
The European Union strengthens its sanctions against Russia by blacklisting additional ships and entities linked to Rosneft to combat evasion of the G7 price caps on Russian oil exports.
The European Union strengthens its sanctions against Russia by blacklisting additional ships and entities linked to Rosneft to combat evasion of the G7 price caps on Russian oil exports.
The OPEC Fund has validated a financing portfolio totaling nearly one billion dollars in the fourth quarter of 2024, distributed across structuring projects in governance, infrastructure, and trade in several strategic regions.
The OPEC Fund has validated a financing portfolio totaling nearly one billion dollars in the fourth quarter of 2024, distributed across structuring projects in governance, infrastructure, and trade in several strategic regions.
The decline of the won against the dollar exposes South Korean refiners to significant losses on crude import costs, while the political crisis surrounding martial law undermines investor confidence.
London and Oslo announce a future industrial partnership focused on renewable energy and carbon capture, aiming to secure their energy and economic interests.
London and Oslo announce a future industrial partnership focused on renewable energy and carbon capture, aiming to secure their energy and economic interests.
Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens
Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens
A joint investment between Canada and the United States aims to develop Yukon’s infrastructure and accelerate the exploitation of critical minerals essential for North American security and clean energy.
A joint investment between Canada and the United States aims to develop Yukon’s infrastructure and accelerate the exploitation of critical minerals essential for North American security and clean energy.
Serbian President Aleksandar Vucic warns of imminent US sanctions against NIS, majority-owned by Gazprom Neft and Gazprom. A decision that could escalate geopolitical tensions in Europe.
Faced with Donald Trump’s proposed tariffs, Ontario’s Premier considers suspending electricity exports to several U.S. states, jeopardizing the supply of 12 billion kWh annually.
Faced with Donald Trump’s proposed tariffs, Ontario’s Premier considers suspending electricity exports to several U.S. states, jeopardizing the supply of 12 billion kWh annually.
During a visit to Abuja, German President Frank-Walter Steinmeier and his Nigerian counterpart Bola Ahmed Tinubu discussed their energy partnership, focusing on renewable energy and hydrogen.
During a visit to Abuja, German President Frank-Walter Steinmeier and his Nigerian counterpart Bola Ahmed Tinubu discussed their energy partnership, focusing on renewable energy and hydrogen.
The European Union strengthens sanctions against Russia by targeting new tankers involved in the transport of Russian oil and expanding its blacklist of entities supporting Moscow's military effort.
The European Union strengthens sanctions against Russia by targeting new tankers involved in the transport of Russian oil and expanding its blacklist of entities supporting Moscow's military effort.
Ecuador is experiencing a marked increase in diesel and gasoline imports due to ongoing challenges in its refineries, exacerbated by extended maintenance periods.
The overthrow of the Syrian regime disrupts Iranian oil deliveries, crucial for local energy supply. The cessation of this source highlights the growing energy challenges in the region.
The overthrow of the Syrian regime disrupts Iranian oil deliveries, crucial for local energy supply. The cessation of this source highlights the growing energy challenges in the region.
Global demand for liquefied natural gas (LNG) is rising rapidly. Europe must strengthen its competitiveness to secure supply amidst growing competition from Asian and American markets.
Global demand for liquefied natural gas (LNG) is rising rapidly. Europe must strengthen its competitiveness to secure supply amidst growing competition from Asian and American markets.
The U.S. government plans a new oil lease sale in the Arctic National Wildlife Refuge, a Congress-mandated initiative sharply criticized for its environmental impacts.
The U.S. government plans a new oil lease sale in the Arctic National Wildlife Refuge, a Congress-mandated initiative sharply criticized for its environmental impacts.
The collapse of Bashar al-Assad's regime has prompted reactions in oil markets, with a moderate rise in prices. The geopolitical implications for the region and their effects on energy supplies remain uncertain.
Faced with weakened demand, Saudi Aramco lowers its official selling prices for Arab Light crude destined for Asia, reaching levels not seen since January 2021. A decision influenced by global dynamics and uncertain market prospects.
Faced with weakened demand, Saudi Aramco lowers its official selling prices for Arab Light crude destined for Asia, reaching levels not seen since January 2021. A decision influenced by global dynamics and uncertain market prospects.
Russian Gas: Putin Expands Payment Options Amid US Sanctions
Russian Gas: Putin Expands Payment Options Amid US Sanctions
The U.S. administration urges international partners to unite against Iran-backed Houthis responsible for massive attacks on ships in the strategic Red Sea region. Military, economic, and diplomatic stakes are intensifying.
The U.S. administration urges international partners to unite against Iran-backed Houthis responsible for massive attacks on ships in the strategic Red Sea region. Military, economic, and diplomatic stakes are intensifying.
OPEC+ adopts online meetings, centralizing the decision-making process. This transition raises questions about transparency and tensions among producers facing increasing pressure in the oil market.
Orano loses control of its subsidiary in Niger: 1,150 tons of uranium blocked
Orano loses control of its subsidiary in Niger: 1,150 tons of uranium blocked
Several agreements have been concluded between French and Saudi companies in renewable energy, waste management, and technological innovations, consolidating diplomatic and economic relations between the two nations.
Several agreements have been concluded between French and Saudi companies in renewable energy, waste management, and technological innovations, consolidating diplomatic and economic relations between the two nations.
Qatar will invest one billion pounds in climate technologies in the United Kingdom, an agreement hailed by Prime Minister Keir Starmer as a "significant step forward" during the official visit of Emir Al-Thani.
Qatar will invest one billion pounds in climate technologies in the United Kingdom, an agreement hailed by Prime Minister Keir Starmer as a "significant step forward" during the official visit of Emir Al-Thani.

Advertising