Several EU countries push for easing sanctions against Russia in new package - Bloomberg
Kyiv • UNN
Several EU countries are pushing for a weakening of the proposed 12th package of anti-russian sanctions to avoid legal problems and unfavorable competitive conditions for European companies. The package aims to prevent sanctions evasion through third countries, especially for priority goods such as semiconductors.
Some EU countries have called for an easing of anti-russian sanctions, in the new 12th package, aimed at stopping the circumvention of sanctions against Russia through third countries. This was reported by Bloomberg , UNN reports.
A group of [European Union] member states insists on easing EU proposals aimed at ending the circumvention of sanctions against russia through third countries
The executive body of the of the bloc proposed to ban importers from reselling so-called high-priority items to Russia or for use in russia. These include, in particular, semiconductors that are used or required for the manufacture of weapons. In addition, companies were asked to to deposit a specific amount into a deposit account to ensure compliance with this ban.
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However, representatives of a number of major countries representatives of a number of major EU member states this week expressed concern about the legality and appropriateness of requesting such provisions from importers. According to Bloomberg's sources, the countries also want to narrow the scope of the potential provisions and the list of goods to which the proposed measure would apply. It is also noted that member states fear that contractual requirements could put European companies at a competitive disadvantage.
The latest data on trade data published by Bloomberg show that exports from Armenia, Azerbaijan, and Uzbekistan, fell in the second half of 2023, but still still largely remained above pre-2022 levels. More than 80% of of foreign purchases of priority goods for the russian federation now come from China and Hong Kong, in addition, Russia was able to establish new routes through Thailand and Malaysia.
Interesting statement: The United Arab Emirates, which was another major channel used by russia, recently gave used by russia, recently made it clear that they will do more to control exports. But the UAE does not provide timely trade data, the publication notes.
