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timesofocean · 2 years

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EU officially adopts sixth sanctions package against Russia

New Post has been published on https://www.timesofocean.com/eu-officially-adopts-sixth-sanctions-package-against-russia/

EU officially adopts sixth sanctions package against Russia

Brussels (The Times Groupe)- As the war in Ukraine continues, the European Union adopted its sixth sanctions package against Russia on Friday.

“By imposing further economic sanctions, we are further restricting the Kremlin’s ability to finance the war,” EU foreign policy chief Josep Borrell commented on the EU Council’s decision.

The package includes a ban on Russian oil imports, giving EU member states six months to reduce crude oil imports and eight months to reduce other refined petroleum products.

Oil pipelines are temporarily exempt from the embargo, as a concession to Hungary.

Furthermore, Bulgaria and Croatia are also granted further exemptions on the import of seaborne oil and vacuum gas oil.

The European Commission calculated that the sanctions will cut 92% of Russian oil trade into the bloc by the end of this year.

It expands the list of dual-use goods and technologies that cannot be exported to Russia because they could support the military and defense sector.

Additionally, the sanctions package excludes Russia’s biggest bank, Sberbank, as well as Credit Bank of Moscow, the Russian Agricultural Bank, and the Belarusian Bank For Development And Reconstruction from the SWIFT international payment system.

Three more Russian state-owned broadcasters were added to the EU’s list of banned media outlets, including Rossiya RTR/RTR Planeta, Rossiya 24/Russia 24, and TV Centre International.

These outlets are said to be used to manipulate information and disinformation about the invasion of Ukraine, including propaganda, with the aim of destabilizing Russia’s neighboring countries and the EU.

Borrell says the EU is also taking action against those responsible for the atrocities committed in Bucha and Mariupol.

Leading business people and their families, as well as Kremlin officials, are subject to travel bans and asset freezes.

At their summit on late Monday night, EU leaders reached an agreement on the sixth set of restrictive measures after a month of stalled negotiations.

The new package complements previous sanctions targeting Russian President Vladimir Putin and Foreign Minister Sergey Lavrov, as well as banning the export of luxury goods and coal imports, and prohibiting Russian and Belarusian banks from using SWIFT.

The EU has allocated €2 billion ($2.15 billion) in military aid to Ukraine and mobilized more than €4 billion in macro-financial assistance, humanitarian aid, and support to EU countries hosting Ukrainian refugees since the war began on Feb. 24.

Ukraine will also receive a further €9 billion in credit from the EU.

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gtinvestukraineblog · 2 years

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Japan’s New Sanctions Against Russia and Belarus

Sanctions against banks, an embargo on import from sanctioned countries, a ban on exports of strategic goods and technological innovations

Due to Russia's attack on Ukraine on February 24, Japan was one of the first countries to impose sanctions on the aggressor country. Japan has already banned the supply of certain groups of its products to Russia and has begun to withdraw its companies from the country's market.

Today the state-approved another sanctions package. This time not only against Russia but also against the collaborating country Belarus. Rosselkhozbank, Moscow Credit Bank, and the Belarusian Development and Reconstruction Bank have become objects of sanctions. The Ministry of foreign affairs of Japan also confirms that from now on, Japan will not export to Russia those products that are necessary for the development of the industry of the aggressor country. The complete list of products is currently unknown, but there is information about the list includes high-tech products, technology for quantum computing, and 3D printers.

Earlier, Japan also imposed sanctions on 133 people: Russian citizens involved in organizing and waging war against Ukraine, as well as terrorist collaborators — representatives of the so-called Luhansk People's Republic, which is actually nothing more than temporarily and illegally occupied territory of Ukraine.

Let us remind you that Japan provided Ukraine with a humanitarian grant of $166 and approximately $600 under the For economic and social development program.

#ukraine #investing #gtinvest #business #war

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jennielim · 4 years

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asoenews · 4 years

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news-monda · 4 years

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news-sein · 4 years

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daveliuz · 4 years

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gostudyukraine-blog · 4 years

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About Ukraine country

Ukraine is a country in Eastern Europe. Ukraine borders Belarus in the northwest, Russia, Poland, Slovakia and Hungary in the east and northeast, Romania and Moldova in the southwest. The Black Sea and Azov Sea are washed from the south of Ukraine.

The territory of Ukraine is 603,628 sq km, making it the largest country on the European continent. The highest point in Ukraine is Mt. Hoverla in the Carpathians, with a height of 2061 m (about 6762 ft).

On August 24, 1991, the Ukrainian Parliament Act of Independence, in which the Parliament adopted the declaration of Ukraine as an independent democratic state. Ukraine is a unitary state made up of 24 provinces, an autonomous republic (Crimea).

Ukraine has substantial economic potential. The major sector of the economy is industry. This accounts for the lion's share of national income. It is also important for agriculture.

Cooperation with the International Financial Organization, with the International Monetary Fund (International Monetary Fund), international and European banks of reconstruction and development (IBRD and EBRD) to introduce and attract financial stabilization programs privilege credit resources for the country's economy Helps for

Ukraine has a mostly temperate continental climate. Rainfall is disproportionately distributed; It is the highest and lowest in the west and north in the east and south. Western Ukraine receives around 1,200 millimeters (47.2 in) of precipitation annually, while Crimea receives around 400 millimeters (15.7 in). Winters vary from cool to cold further inland along the Black Sea. The temperature in an average winter ranges from -8˚C to -12˚C (from + 3F to + 17.6˚F). Winter temperatures in southern areas are about 0C (+320 F). An average summer temperature: from + 18C to + 25C (from + 77˚F to + 64.4˚F) but during the day it can reach + 35C (+95 F).

The entire population of Ukraine was estimated to be 45,426,200 in January 2014. Kiev (the capital of Ukraine) is the largest city in Ukraine. Ukraine is inhabited by representatives of 128 nations, nationalities, and ethnic groups.

The state language of Ukraine is Ukrainian. Russian, which was the official language of the de facto Soviet Union, is widely spoken, especially in eastern and southern Ukraine. Bol is not some group Crimean-Tatar, Romanian, Polish, Hungarian and other languages. Religion: Believers belong to many religions. Orthodox and Greek Catholics (Ukrainian Catholics of the Byzantine rite) are the largest. Hryvna is a national currency of Ukraine. It has been in national currency since September 2, 1996.

Modern Ukraine culture has a lot in common with Russian and Belarusian cultures. This is quite understandable as the three countries have their historical roots and origins from Kievan Rus, but during the 13th century they began to develop into different countries as they are now. History shows that every nation goes on to create legends and stories about its historical past. Historical events are often interpreted as people wishing to see them, but this does not mean that real events have taken place in this way.

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ericfruits · 6 years

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EBRD revises up 2018 economic forecast for Belarus

MINSK, 10 May (BelTA) – The European Bank for Reconstruction and Development (EBRD) has revised up the 2018 forecast for the Belarusian economy, BelTA learned from the Bank's new Regional Economic Prospects report. The EBRD predicts that in 2018 the Belarusian economy will grow by 3%, ... https://ift.tt/2jJGhFc

#IFTTT #Feedly

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timesofocean · 2 years

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EU officially adopts sixth sanctions package against Russia

New Post has been published on https://www.timesofwashington.com/eu-officially-adopts-sixth-sanctions-package-against-russia/

EU officially adopts sixth sanctions package against Russia

Brussels (The Times Groupe)- As the war in Ukraine continues, the European Union adopted its sixth sanctions package against Russia on Friday.

“By imposing further economic sanctions, we are further restricting the Kremlin’s ability to finance the war,” EU foreign policy chief Josep Borrell commented on the EU Council‘s decision.