2 hours agoDeal reached, by 2027 there will be no more Russian gas in the EU
Periskopi(8 months ago)
(8 months ago)The EU states have adopted another package of sanctions against Russia 19th so far. Once again, punitive measures are mainly aimed at importing Russian energy resources, which aim to lower the incomes for the state treasury and war of the Kremlin. A complete ban on liquid natural gas imports [...]
A complete ban on liquid natural gas imports (LNG) from Russia to the EU is scheduled to go into effect in 2027, a year earlier than originally planned. Russian pipeline gas and liquid natural gas accounted for about 19 per cent of gas imports from the 27 EU member states last year. Other measures envision the financial and trade sector, limiting the movement of diplomats. Other Russian banks will have no access to EU capital markets, followed Periscope.
Merz optimistic about using Russian frozen assets
Chancellor Friedrich Merz voiced optimism that the EU summit will make progress in using the frozen Russian state assets for Ukraine. This is a matter that will bother us today. We will also take a step ahead of”, he said before the summit begins. However, there are some serious objections that 27 EU heads of state and government must discuss. This is especially about the Belgian state and its responsibility. Most of the Russian state assets are frozen in Belgium, and the Belgian government fears high compensation requirements.
“Sanctions affect Russian economy”
EU Commission President Ursula von der Leyen expressed her conviction about the effectiveness of sanctions. She said, that by targeting Russia's gas sector, The EU was striking at the heart of the Russian war economy.
Danish Foreign Minister Lars Løke Rasmussen also called the agreement for further sanctions a good day for Europe and Ukraine. “Sanctions are affecting and striking the Russian economy. Russia is increasingly trying to finance its illegal fight of aggression against Ukraine”, he stressed. Ukrainian President Volodymyr Zelensky, who is personally participating in the EU summit in Brussels, described the new EU sanctions as <x2Healthyral>” in his country's fight against Russia./ DW
