EU is more careful to make new sanctions for Russia

EU is more careful to make new sanctions for Russia

 The chairman of the Valdai International Discussion Club Foundation Development and Support Council Andrey Bystritsky told TASS on Monday (18/7/2022) that the European Union (EU) was disadvantaged from the sanctions it imposed on Russia. "The sanctions policy is detrimental to the European Union, and they have recognized it," he said. Bystritsky made the remarks when asked to comment on the European Union's plans for a seventh package of sanctions against Russia. "Of course, they are being a little bit more careful, it's not easy for them to develop a new sanctions package," he said. 

"In terms of energy, the EU may have reached the limit of what they can do," Bystritsky said. He suggested further sanctions could be aimed only at the financial sector and certain people. Europeans are unhappy with rising energy prices, and that is an indirect reason for the recent government reshuffle, he said. However, EU leaders are aiming to increase sanctions, even as they also hit their economies hard. "Russia should not value any illusions in this," he said. Under sanctions that restrict Russia's movement, the country sent oil to Cuba on Thursday (14/7/2022) yesterday. 

The oil supplies carried by the tankers are used to generate hydroelectric power in the Caribbean nation. According to a Reuters report, the United States (US) and Canada previously imposed sanctions on Russian oil and fuel. The move is a response from both countries to Russia's invasion of Ukraine. Meanwhile, Europe and the UK are preparing to embargo imports of Russian crude oil later this year.

 The Liberian-flagged Aframax Suvorovsky Prospect tanker arrives at the Cuban port of Matanzas, Thursday (14/7/2022). The ship was carrying about 700,000 barrels of oil, which was loaded in the Russian port of Ust-Luga. The cargo was reportedly valued at around $70 million. 

According to maritime database Equasis reported, the vessel belongs to the leading Russian shipping company Sovcomflot. The company is on the UK, Canada and US sanctions lists.

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