EU Commission proposes vote for imposing fresh rounds of sanctions against Russia in September
EU Set to Impose 19th Sanctions Package Against Russia
The European Union (EU) is gearing up to vote on a new package of sanctions against Russia in September, targeting Russia's war economy in response to its ongoing aggression against Ukraine. However, the exact details of the sanctions package are still uncertain.
The EU Commission spokesperson expressed hope that the new sanctions package can be adopted next month, but did not provide specifics. The sanctions are expected to focus on sectors that support Russia's military aggression, including high technology exports and goods relevant to Russia's military capabilities.
The new sanctions package aims to complicate Russia's ability to sustain its military aggression and hinder its military modernization. Measures will also be taken to close evasion channels, including sanctions on companies and individuals facilitating illegal trade with Russia, such as vessels and ports in countries like Turkey and India.
More individuals and companies, especially those involved in circumventing sanctions, can expect to be added to the sanctions list. The EU foreign policy chief, Kaja Kallas, announced the upcoming 19th package of sanctions, which is a continuation of the EU's efforts to impose economic pressure on Russia.
The EU member states need to reach a unanimous decision for the sanctions to be implemented. Internal debates within the EU over sanctions against Russia have occurred in the past, and the new sanctions package may face challenges due to internal disagreements. Hungary and Slovakia's stance on the new sanctions package remains unclear, and their potential opposition could impact the timely adoption of the new sanctions package.
The EU has emphasized its commitment to supporting Ukraine and maintaining economic pressure on Russia until a lasting peace is achieved. The announcement was made after a video conference of EU foreign ministers. The exact timeline for the adoption of the new sanctions package is subject to the EU Commission's vote in September.
The EU intends to make it harder for Russia to continue its war of aggression against Ukraine through sanctions. The unity of the EU member states in decision-making for the new sanctions package is crucial to its success. The EU Commission aims to vote on the new package of sanctions against Russia in September, but the timetable for the adoption of the new sanctions package is still uncertain.
[1] EU Commission press release, link [2] Reuters article, link [3] BBC News article, link [4] Financial Times article, link
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