with ten rounds of Sanctions, since Russia invaded Ukraine in February last yearrolled the European Union out The harshest punishment ever against Foreign country.
European Union says Its sanctions aimed at reducing Moscow’s revenues and access to technology user in war. But the impact “will not be serious enough to limit Russia’s influence ability to wage war against Ukraine in 2023,” European Parliament research he said ps.
a lot trade It still flows between agglomeration 27 countries And Russia – a result of Successful pressure, the EU’s unwillingness to take more difficult economic measures hitand concerns about ripple effects on global supply chains.
instead of striving new Sanctions, the EU now wants to break down on transcend those already Officials have identified the United Arab Emirates, Turkey, Armenia, Georgia, Kazakhstan and Kyrgyzstan as possible circumvention routes.
Here is a file list of Territories maintained by the European Union on a job business with Russia.
In 2021, Russia is the fifth largest country in the European Union trading a partner with exchange of goods worth 258 billion euros, according to the European Union’s executive European Commission. the main The EU’s imports were fuel, wood, iron and steel, and fertilizers.
since invasion in 2022, the value of EU imports from Russia decreased by half to about 10 billion euros last December.
in totalthe European Union imported 171 billion euros worth of Goods from Russia from March 2022 to the end of January 2023, according to L.A latest data available From the European Union Eurostat statistics office.
This figure frustrates 60 billion EU last Month said that it cost Ukraine over the year since invasionduring this total Does not include value of Modern tanks Kyiv since or latest an agreement on ammunition supplies.
liquefied natural gas
The European Union imposed sanctions on imports of Russian coal and oil transported by sea last year. EU sanctions do not cover gas, but Moscow has since cut back on pipeline supplies to Europe invasion. In 2022, the European Union will receive about 40% less Russian gas than it does in Last few years.
LNG is another story. Russian LNG shipments to Europe have increased since the war – to 22 billion cubic meters (bcm) in 2022, up of about 16 billion cubic metres in 2021, according to a European Union analysis.
LNG volumes are smaller than Russian pipeline gas shipments, which were about 155 bcm each year prewar. But the hike led to some countries Asks for Lawful option Under EU law to prevent LNG imports.
Likewise, there were no penalties against Russia’s nuclear industry, Hungary’s thing – where the Russian nuclear power company Rosatom is set to expand to Pakistan power Factory – Bulgaria openly opposes.
EU imports of The total production of the Russian nuclear industry amounted to approximately 750 million euros in 2022 according to Eurostat. The European Atomic Energy Agency, Euratom, said Russia had submitted a fifth of Uranium used by EU facilities in 2021, latest data availableas well as a fourth of conversion and third of enrichment services.
The French Ministry of Energy disputed parts of Greenpeace report that last Al-Shahr said Paris had sharply increased its imports of enriched uranium from Russia invasion. Paris said her contracts with It will be Russia more expensive to stop continuing.
The European Union bought 1.4 billion euros worth of Russian diamond last year, according to Eurostat, because it neither banned the import of gems nor the blacklisted Russian mining company Alrosa.
belgium, home To the world’s largest diamond trading Hub Antwerp, gig hawks the block by pressing against The European Union goes solo on Russian diamond.
The European Union, the United States and other G7 economies are now working on tracking system to press out Russian diamonds together. The Antwerp World Diamond Center said it must include India – not a member of the G7 – to be effective.
Chemical and raw materials
EU imports of It was Russian fertilizer worth 2.6 billion euros last yearand over 40% up From 2021 k price rise beats reduced volumes, according to Eurostat.
Potash from Russia and its ally Belarus is severely restricted or banned in European Union. Other fertilizers, including urea, flow freely, Sean Mac said of Europe’s fertilizer industry lobby, adding that the incomplete approach is heavier on application.
The dispute between the 27 European Union countries countries over Proposed exemptions are blocked to keep fertilizers going to Africa more Penalties against Belarus for Help Russia war.
between raw materials Mostly used nickel is not affected by the sanctions for Stainless steel production. The European Union imported 2.1 billion euros worth of Nickel in 2021, up to 3.2 billion euros last year, according to Eurostat.
Big names and minor penalties
Alrosa and Rosatom are missing from the EU blacklist any currently It covers approximately 1,700 individuals and entities that are prohibited from agglomeration. Gazprombank – AL financial arm of Russia’s gas monopoly is Gazprom – which is privately owned by Russia, secondLukoil is the largest oil producer also Missing.
I have long advocated TI for to cut in Russia access To pressure in the European Union and for Secondary penalties to punish those who help others already Under penalties, as it is standard practice in United State.