EU publishes its sanctions proposal
22-02-2022, 18:19

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Just as Boris Johnson sets out his approach, the EU has published its sanctions proposal in reaction to Vladimir Putin recognising the two breakaway regions in eastern Ukraine and sending troops there as what he has called a peacekeeping force.

Note, these are targeted sanctions and the EU says it has additional measures prepared if Putin takes more military steps in Ukraine.

For now sanctions are to target:

  • Anyone involved in the decision - diplomats say that includes 351 members of Russia's parliament who backed recognition along with 11 people who proposed it
  • Banks that are financing Russia's military and other operations in those territories
  • The ability of the Russian state and government to access the EU’s capital and financial markets and services, and the financing of escalatory and aggressive policies
  • Trade from the two breakaway regions to and from the EU, to ensure that those responsible clearly feel the economic consequences of their illegal and aggressive actions

All 27 EU member states have to agree to these sanctions. Splits between EU countries over foreign policy are common.

Brussels is anxious, along with rest of West, to put forward a united front but behind closed doors, diplomats speak about concerns over Hungary.

Prime Minister Viktor Orban has a close relationship with Moscow. As for the future and possible further sanctions against Russia, Italy, Austria and Germany have made clear their nervousness about energy supplies and prices.

 

BBC

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