The EU is planning a sweeping ban on services for Russian crude oil to further cut Moscow’s revenues, alongside new measures targeting the financial sector, cryptocurrencies and expanded export restrictions.
By Stephan Israel
Under its proposed 20th sanctions package, the EU aims to further reduce Russia’s revenues through a sweeping ban on services for Russian crude oil, supplemented by measures targeting the financial sector, cryptocurrencies and expanded export controls.
By Stephan Israel
The EU hopes to finalize the 20th sanctions package on the fourth anniversary of Russia’s full-scale invasion of Ukraine, but the timetable is looking shaky. Ambitious plans for a ban on services for all Russian energy exports by sea are causing particular complications.
By Stephan Israel and Viktor Funk
The EU has classified Iran’s Revolutionary Guards as a terrorist organization. While this increases pressure on the Iranian regime, the practical effects are limited. Regarding possible military strikes by the United States, Kaja Kallas said that the region did not need another war.
By Stephan Israel
After Spain and Italy, France has also agreed to classify Iran’s Revolutionary Guards as a terrorist organization. A political agreement at the meeting of European Union foreign ministers is therefore considered likely.
By Redaktion Table
The EU is discussing further sanctions against Iran. The focus is on those responsible for the violent suppression of protests and a possible listing of the Revolutionary Guards as a terrorist organization.
By Stephan Israel and Sara Sievert
The EU will now take out a loan via the Multiannual Financial Framework to finance Ukraine with €90 billion over the next two years. The initially preferred option of a reparations loan failed, not least because of the high guarantees demanded by Belgium.
By Stephan Israel
A decision on a possible reparations loan for Ukraine is set to dominate the EU summit in Brussels today, with the Mercosur free trade agreement also likely to be discussed. The future of the EU as a geopolitical heavyweight is riding on both issues.
By Stephan Israel
The EU states have found a way to block Russian state bank funds for the longer term. This improves the chances of the Ukraine reparation loan. An agreement at the summit here would be a prerequisite for the EU to be taken seriously in the US-led peace negotiations.
By Stephan Israel, János Allenbach-Ammann and Wilhelmine Stenglin
With the help of an emergency clause, a large majority of EU states have decided to place a long-term block on Russian state bank funds. This increases the likelihood of the Ukraine reparation loan, which could strengthen the EU’s role in the peace negotiations.
By Stephan Israel, János Allenbach-Ammann and Wilhelmine Stenglin
