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European Union drafts a set of sanctions against Russia

BRUSSELS – European Union ambassadors prepared on Tuesday to adopt an immediate set of sanctions in response to Russia’s recognition of two breakaway regions in Ukraine, according to two EU diplomats understanding of the negotiations in Brussels.

The sanctions, which will target people, governments and business entities in breakaway regions and in Russia, will be further considered at an informal meeting of EU foreign ministers in Paris late on Tuesday. Ambassadors were then prepared to adopt the package on Tuesday night, diplomats said, although they said the meeting could take place in the early hours of Wednesday.

Diplomats said the draft includes 27 individuals and entities, including political, military, business and financial entities, as well as “propagandists” involved in the recognition decision. .

Diplomats say some are located in breakaway regions, the so-called Donetsk and Luhansk People’s Republics. However, the draft also includes 11 members of the Russian parliament who proposed recognition and 351 members who voted in favor of it, diplomats said.

Diplomats said individuals and entities would be subject to EU-wide asset freezes and travel bans. They say that Russian President Vladimir V. Putin is not on the list that is currently under review.

ONE declare of the President of the European Commission, Ursula von der Leyen and the President of the European Council, Charles Michel, said the sanctions would target “those involved in the illegal decision,” as well as banks. The company is “funding the Russian military and other operations in Luhansk and Donetsk.

It added that the target was “those responsible who clearly feel the economic consequences of their illegal and aggressive actions.”

EU sanctions, like US sanctions, are legal decisions that require a formal bureaucratic process before taking effect. The diplomats involved said that EU legal institutions and services are taking steps so that decisions can be legally enforced as soon as possible after being approved by the ambassadors.

The European Union intends to impose broader sanctions if Russia completely invades Ukraine, and EU leaders and officials have viewed such penalties as economically debilitating. But European leaders have yet to fully agree on what should make up that decision, and the content of a larger package of sanctions is still up for debate.

In neighboring Britain, Prime Minister Boris Johnson said on Tuesday he would introduce sanctions on five Russian banks and take measures against three wealthy individuals from Russia. Mr Johnson told Parliament.

https://www.nytimes.com/2022/02/22/world/europe/eu-russia-ukraine-sanctions.html European Union drafts a set of sanctions against Russia

Fry Electronics Team

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