Section: Sanctions
Hungary blocks EU aid package worth of €18B for Ukraine
On November 9, 2022, it became known that Hungary told EU finance ministers at a Brussels meeting, that it would not support any changes necessary to prepare a EUR 18 billion aid package for Ukraine. Source: Hungarian officials The European Commission will propose to Kyiv soft loans on a more steady basis on November 9, 2022. However, this...
Luxembourg froze 5.5 billion euros of Russian assets
Luxembourg’s Foreign Minister Jean Asselborn said during his speech in parliament on November 8, 2022, that Luxembourg has frozen 5.5 billion euros of Russian individuals and legal entities, which is about a third of all Russian assets blocked on the territory of the European Union. Source: The Minister of Foreign Affairs of Luxembourg Jean...
G7 threatened Belarus with consequences for supporting Russia in the war against Ukraine
If Belarus provides more active support to the Russian Federation in the war against Ukraine, it will face devastating costs, the representatives of the G7 and the EU have warned in their joint statement on November 4, 2022. Source: The representatives of the G7 and the EU The G7 countries and the European Union once again called on Belarus to...
Switzerland imposed sanctions against Iran due to the supply of drones to Russia
On November 2, 2022, it became known that Switzerland has joined the European Union sanctions against Iran in connection with its supply of kamikaze drones to Russia. Source: The government of Switzerland “The Federal Department of Economic Affairs and Energy (EAER), which is responsible for sanctions, has decided together with the Federal...
Norway introduced sanctions against 30 Russian individuals and 7 legal entities
Norway has introduced a new package of sanctions against Russian President Vladimir Putin and the Russian regime. They will come into force on October 28, 2022. Source: The Foreign Minister of Norway Anniken Huitfeldt The new sanctions are in line with those recently introduced by the EU. The Norwegian Foreign Minister Anniken Huitfeldt said that...
EU froze Russian assets worth 17.5 billion euros
Christian Wigand, the representative of the European Commission noted on October 27, 2022, that assets of 1,350 Russian individuals and organizations subject to EU sanctions were frozen. Accounts, real estate and yachts of such persons are tracked and frozen by EU member states. Source: Christian Wigand, the representative of the European...
EU’s aim is not only to freeze but also to confiscate Russian assets
The President of the European Commission Ursula von der Leyen noted on October 25, 2022, during the International Expert Conference on the Recovery, Reconstruction and Modernization of Ukraine, that the European Union set its goal not to freeze but to confiscate Russian assets in Europe due to its war against Ukraine. Source: The President of the...
UK implemented sanctions on Iranian individuals for supplying Russia with drones
The UK imposed sanctions on Iran on the same day the EU did on October 20, 2022. The reason is the presence of evidence of Iran’s supply of kamikaze drones to Russia, which it uses to attack Ukraine. The decision is published on the website of the British government. Source: UK Foreign Secretary James Cleverly The following Iranian...
EU approved sanctions against Iran for supplying Russia with drones
The names of Iranian citizens and companies that have been sanctioned for supplying drones to the Russian Federation have been officially published in the statement of the European Union on October 20, 2022. Source: The European Council Three Iranian individuals and one legal entity were sanctioned for undermining or threatening the territorial...
Ukraine and 7 countries have joined the 8th package of EU sanctions against Russia
EU High Representative Josep Borrell noted on October 13, 2022, that North Macedonia, Montenegro, Albania, Bosnia and Herzegovina, Iceland, Liechtenstein and Norway, as well as Ukraine joined the October decision of the EU Council to introduce another package of sanctions against Russia. Source: EU High Representative Josep Borrell “The...