The EU’s latest sanctions package against Russia will include an export ban on a list of products stretching to nearly 70 pages.
- Feb 21, 2023, 2:00 PM CST
The entities this time are arguably more interesting with the inclusion of Russian banks such as Alfa-Bank, Rosbank, and Tinkoff Bank, as well as the Russian National Wealth Fund. Several companies involved in making military equipment and machinery are also included, as is the Russian state-owned media group Rossiya Segodnya, which runs both the RIA Novosti news agency and the Sputnik media agency.
As always, there are new derogations and new loopholes. One is that the exemption to allow Russian fertilizers to be exported to the EU and worldwide, agreed in the previous December sanctions package, should also include assets tied to this industry that are held in sanctioned Russian banks. First, visas will be issued for members of the Russian delegation, which includes several individuals who are on the EU sanctions list imposed on Moscow after its full-scale invasion of Ukraine last year. And second, this meeting takes place exactly on the first anniversary of that invasion, on February 24.
Since the full-scale invasion of Ukraine, the OSCE has also been very careful not to cut all ties with Russia. After Russia was expelled from the Council of Europe in March, the OSCE is the only larger pan-European political organization of which Moscow remains a member.
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