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The European Union is weighing the introduction of secondary sanctions aimed at deterring third-country companies and financial institutions from aiding Russia in evading existing EU restrictions, according to people familiar with the deliberations. The measures are being drafted as part of a 19th sanctions package and could extend to tighter curbs on Russia’s oil, gas and financial sectors, as well as additional import-export limits on Russian goods. EU ministers are expected to discuss the proposals informally in the coming weeks before any formal legislative process begins.
US sanctions on Russian oil tankers are so much more effective than EU ones because the threat of secondary sanctions scares people away from accepting delivery by sanctioned ships. The fact that the EU is now considering this is another important step in the right direction... https://t.co/WhBTSWf9YM
The ministers are also considering further sanctions that target #Russia’s oil and gas and financial sectors, as well as further restrictions of import and export of Russian goods, said the people. These discussions will be held in an informal format and won’t specifically be https://t.co/2RfGehEFZO
The European Union is mulling introducing secondary sanctions in an effort to prevent third countries from helping #Russia circumvent the bloc’s existing punitive measures against Moscow, according to people familiar with the matter. The EU is working on a 19th package of
