The first section of sanctions from the European Union includes the prohibition of entry into community territory for dozens of senior Russian officials and politicians, the veto of certain financial entities and the Russian State to operate in the European financial market and services sector, and a trade embargo on Donetsk and Lugansk.
According to the head of European diplomacy, the response “will hurt Russia a lot” and confirmed that the movement is coordinated with the United States, the United Kingdom and Canada.
The veto and the freezing of assets affect the 351 Duma deputies who supported the recognition of the independence of the separatists in Ukraine, and 37 senior officials and entities from the defense and finance sectors.
In a significative way, It also includes the prohibition to the State and the Government of Russia to access the European capital markets, a measure that was not initially planned.
“The sanctions politically approved by the European Union are forceful but limited. Brussels, like Washington, considers that the recognition of the independence of two Ukrainian regions is a serious violation of the territorial integrity of the attacked country, but that it is not yet the trigger for the enormous and unprecedented commercial retaliation that they have promised in the event of of a full-fledged invasion of Ukraine”, highlighted the Spanish newspaper El País.
The leaders of the European Union pointed out that the institution “has prepared and is ready to take further action at a later stage if necessary in light of new developments”.
For your part, United Kingdom sanctioned this Tuesday five Russian banks and three high net worth individualsincluding Gennady Timchenko.
Timchenko is a close ally of Russian President Vladimir Putin. The sanctioned banks are Rossiya, IS Bank, General Bank, Promsvyazbank and Black Sea Bank.
“This is the first tranche of what we are willing to do,” the prime minister said. Boris Johnson to Parliament. “Any assets they have in the UK will be frozen and affected people will be banned from traveling here.”
Source: Ambito
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