... Policy Onward
Looking at the problem from a strictly formal point of view, Lithuania’s move may have had legal grounds. The EU sanctions included in the most recent edition of the EU Council Regulation (EU)
No 833/2014
“ concerning restrictive measures ... ... view of Russia's actions destabilising the situation in Ukraine”list four groups of goods that cannot be imported into the European Union.
First, products made of iron and steel listed in Appendix 17 to the Regulation, including hot-rolled and cold-rolled ...
At the SPIEF Ivan Timofeev, an International affairs analyst, has explained how Moscow has been dealing with the impact from Western sanctions.
At the SPIEF Ivan Timofeev, an International affairs analyst, has explained how Moscow has been dealing with the impact from Western sanctions.
The next packages will be less spectacular, but they will be detrimental to specific businesses and areas of the economy
Oil and KAMAZ
The Official Journal of the European Union
has published
decisions and regulations included into the sixth package of anti-Russian sanctions. The release of the new legal framework has been postponed several times on account of disagreements among the EU countries, with the most sensitive issue being the ban on Russian oil imports. Brussels, however, managed to reach consensus after ...
The inclusion of sanctions in the formula for a compromise on Ukraine is quite possible. Total pessimism is hardly desirable here
Diplomatic manoeuvring by Russia and Ukraine on the issue of a peace agreement, or at least a ceasefire, naturally raise the question of ...
... although it has become more cautious, escaping the shocks and scandalous of the Trump era. The United States applied blocking sanctions against a number of Chinese officials, although it did not go for stricter restrictions on financial institutions.
Sanctions against China were imposed by the European Union and other US allies. Brussels has done so using its
new legal mechanism on human rights
. Beijing delivered an immediate and
harsh response
. Last year China did a great job in the development of its
counter-sanctions mechanism
. New ...
...
of the EU, and the United States issued a
general license
toward previously blocked Belarusian enterprises.
Clouds reappeared on the horizon in 2020, and after the incident with the Ryanair flight, the pressure on Minsk increased significantly. The European Union has expanded its lists of blocked persons. By June 2021,
these were 166 individuals and 15 legal entities
, including such large companies as MAZ and BELAZ.
Sectoral sanctions
have been introduced. Among them are bans on the supply of defence products, goods for the tobacco industry, restrictions on importing a number of petroleum products and potash fertilizers, a ban on transactions with government debt securities ...
... Tobacco, New Oil Company Vostok, Intersevis, and Neman Tobacco.
To this list we need to add nine more large companies, according to which at the beginning of June this year the general license was not renewed. That is, they were no longer exempt from the sanctions.
In part, this list overlaps with the list of 78 organizations specified by the European Union when it introduced
its restrictions in June
. Brussels also used sectoral sanctions, but their principle is different from the American one. In particular, certain categories of petroleum products and potash fertilisers were prohibited ...
... Beirsteker, S. Eckert and M. Tourihno (cds).
Targeted Sanctions. The Impacts and Effectiveness of United Nations Action
, New York: Cambridge University Press: 38-59.
Giumelli, F., Hoffmann, F. and Ksiazczakova, A. (2020) ‘The When, Where and Why of European Union Sanctions’,
European Security
, Vol 30 (1): 1-23.
Hufbauer, G., Shott, J., Elliott, K., Oegg, B. (2009)
Economic Sanctions Reconsidered. Third Edition
, Washington DC: Peterson Institute for International Economics.
Portela, C. (2010)
European Union ...
New sanctions may turn out to be even more serious than the restrictive measures introduced last year in response to the situation around the presidential elections
The detention in Belarus of a plane operated by the Irish company Ryanair has caused a sharp ...
... alleged poisoning, and the other after the arrest of the Russian opposition YouTuber Navalny. Tough measures against Moscow were proposed in previous resolutions as well. In some ways, their intention is consistent with American bills on “draconian sanctions”, such as DASKA: to designate a “lowest denominator” and possible measures that the European Union could potentially take. The threat of disconnection from SWIFT was the “icing on the cake”, which, as expected, was popular in the media success.
However, the markets ignored the resolution of the European Parliament. There are several ...
