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2022 m. liepos 22 d., penktadienis

EU Imposes Seventh Package Of Sanctions

"The European Union implemented a seventh package of sanctions against Russia, which included an import ban on gold. Sanctions on Russia's biggest bank, Sberbank, locking it out of international markets; and an extension of the bloc's list of items that can't be exported to Russia to include some machinery, glass turbines and certain chemicals among other products also were in the package.

Legal changes in the package further clarify that the sanctions don't apply to food, fertilizer and medicine trade with Russia, which is covered by a humanitarian exemption.

The EU blocked a proposal to sanction Russian metals company VSMPO-Avisma PJSC, EU diplomats said, after France and other member states objected to the move over fears of a potential retaliatory ban by Russia on titanium exports to the bloc. VSMPO was set to be added to a list of defense-related Russian companies under sanctions.

The company is a critical supplier of titanium to Airbus SE, the world's biggest commercial jet maker. Airbus, based in France, employs a large workforce across Europe. It has publicly called for the EU to refrain from banning Russian sales of titanium.

The move illustrates the complex balance the bloc is trying to maintain to squeeze Russia's economy, while protecting the EU's economic interests." [1]

Other EU countries protect their interests when considering sanctions on Russia. Not Lithuanian government. Too bad for Lithuanian survival in today’s world.

1. U.S. News: EU Imposes Seventh Package Of Sanctions
Norman, Laurence. 
Wall Street Journal, Eastern edition; New York, N.Y. [New York, N.Y]. 22 July 2022: A.9.

 

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