The European Commission has presented a package of sanctions

The European Commission has presented a package of sanctions

Spanish journalists from El País analyzed all the measures proposed by Brussels in the new package of sanctions targeted against the Russian Federation.

Thus, Brussels proposes a ban on imports of Russian gold into EU countries, one of Russia’s major sources of income after hydrocarbons.

In this regard, the European Commission has proposed a new package of complementary sanctions against Moscow for the invasion of Ukraine, which aims to cover the shortcomings of the previous ones.

New sanctions introduce new trade restrictions to halt military and technological improvement of Russian army

Currently, in addition to the gold veto, a measure in line with that adopted by the G7 partners, which aims to stifle more Russian sources of income, there are other points that will strengthen the current measures. The Commission will also present new names to be added to the list of people sanctioned for war, which already amounts to a thousand. The 27 ambassadors are expected to discuss the package on Monday, a package that must be approved by all partners.

The new sanctions, which Brussels calls “maintenance and alignment” and which seek to avoid cracks that have allowed them to pass through, clarify their application and tighten practice, introduce more trade restrictions on Russian cars and items. which could help improve the military and technological improvement of the Eurasian country’s armies or the development of its military sector, according to the document to which El País had access.

In his opinion, “We intend to tighten the EU’s strong sanctions against the Kremlin, apply them more effectively and extend them until January 2023,” said Commission President Ursula von der Leyen. “Moscow must continue to pay a high price for its aggression.”

The export of agricultural products, food or fertilizers is not included in the sanctions

However, the complementary package clearly states that the export of agricultural products, food or fertilizers is not included in the sanctions; nor humanitarian and essential exports. Now Brussels also allows transactions with certain state-owned companies if those exchanges are agricultural or oil transport to third countries, according to the text.

It is a measure aimed, says the European Commission, at combating food insecurity while the risk of famine in developing countries is an increasingly tangible reality as a result of the Russian invasion of Ukraine.

The country is one of the world’s granaries, from which it is difficult to obtain grain from the military aggression launched by the Kremlin and where Moscow forces have been accused of robbing grain in the occupied territories. Pharmaceutical and health products are not included in the sanctions either, the text of the sanctions regulation states.

Brussels is thus moving to talk about the real impact of sanctions against Russia when several African countries have accused the EU of exacerbating the food crisis with its measures against Moscow for invasion.

Gold, a deal worth about 15.5 billion euros for Russia in 2021

In the context of gold, this is an argument repeated by the Kremlin, which has increasingly close ties to countries such as the Central African Republic, Mali, Libya or Mozambique, where they have entered by force with propaganda operations, mercenaries and doing profitable business in me. and with raw materials.

The veto on Russian gold follows a partial ban on oil imports from the Eurasian country, which, however, earns record amounts of foreign currency from the sale of crude oil. At the end of June, the G7 countries had already approved a ban on the import of precious metals.

According to British calculations, this business accounted for about 15.5 billion euros for the Russian economy in 2021 – Russia being the second largest producer of gold in the world – and had become a more valuable route for the Russian elite when it came to avoiding the impact of Western sanctions, according to London.