EU foreign ministers zoom in on tightening Russia sanctions

BRUSSELS (AP) — European Union foreign ministers are zooming in Monday on tightening the extensive package of sanctions on Russia and looking at ways to add a ban on gold exports in hopes that the measures might finally start to have a decisive impact on the war in Ukraine.

EU foreign affairs chief Josep Borrell said that at the moment “the most important thing is a ban on Russian gold,” which is Moscow’s second largest export industry after energy. The G-7 group of leading industrial nations last month already committed to a gold ban, arguing the Russia has used its gold to back up its currency to circumvent the impact of several rounds of sanctions that nations around the world had already imposed on Moscow for its Feb. 24 invasion of Ukraine.

The 27 ministers will also assess how they can tighten controls on exports of high technology to Russia for a possible decision later in the week.

On top of the restrictive measures, the ministers will also assess plans to boost military aid to Ukraine, and will be briefed on the latest developments through a video conference with Foreign Minister Dmytro Kuleba.

“If anything needs to be continued, it is weapons deliveries. And anybody who can who can do that, obviously, this is the main industrial countries of of the Western world. They have to step up with that,” said Lithuanian Foreign Minister Gabrielius Landsbergis, insisting it was also essential to secure the port of Odesa enough to make sure grain shipments could resume.

https://apnews.com/article/russia-ukraine-global-trade-moscow-5f28a7c1f99d5367f099c6962eb1fe32

7 comments

  1. “EU foreign affairs chief Josep Borrell said that at the moment “the most important thing is a ban on Russian gold,” which is Moscow’s second largest export industry after energy.”

    “If anything needs to be continued, it is weapons deliveries. And anybody who can who can do that, obviously, this is the main industrial countries of of the Western world. They have to step up with that,” said Lithuanian Foreign Minister Gabrielius”

    Two statements, but only one is correct and it’s not the top one. Russia’s largest export activity is death in Ukraine, which will only be stopped with more weapons.

    Liked by 4 people

  2. Borrell is the useless prick who promised Ukraine that the EU would purchase a squadron of Typhoons for Ukraine and train the pilots.
    Well, they are still waiting arsehole.
    Here is what should be done right now (apart from quadrupling weapons deliveries obviously) :
    1/ Ban all Russians from entering the EU or North America. With the exception of those with a proven track record of opposition to fuhrer putler.
    2/ Freeze all Russian bank accounts in those territories and seize all cash, property and business assets. Arrest any who are part of putler war effort.
    Why the fuck can’t they do that?
    Finally : there is still shitloads of RuSSian criminal money in numbered Swiss accounts (plus Litschgenstein, Monte Carlo, The Caymans etc.) Take the fucking lot.

    Liked by 3 people

    • Check out this video, especially the section starting at the 3.30 minute mark. It describes how Russia are circumventing oil sanctions and the West are letting them do it.

      Liked by 3 people

      • Horrendous. Dubai is the new Cyprus; a haven for putinazi thieves and murderers. Something needs to be done to seriously hurt fucking India too. Those bastards are accomplices to genocide.

        Liked by 3 people

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