Saturday, December 10

Brussels proposes to limit the price of Russian oil in a new round of sanctions on Putin

The president of the European Commission, Ursula von der Leyen, and the head of European diplomacy, Josep Borrell, present a proposal for a new package of sanctions against Russia for its invasion of Ukraine after the consultations held in Donbas and the mobilization of reservists decreed by Russian President Vladimir Putin. The proposal must now be studied and approved – with or without amendments – by the 27 in a context in which the Hungarian Prime Minister, Viktor Orbán, has already shown his opposition to the sanctions.

Von der Leyen and Borrell have proposed limiting the price of oil exported by Russia to third countries: the EU will stop importing oil by ship – yes by pipeline, through Hungary – from next December 5 in accordance with a previously approved package of sanctions .

“Russia is escalating the conflict”, said the president of the European Commission in an appearance without questions with Borrell: “The false referendums are illegal attempts to change the borders by force. The mobilization of reservists and nuclear threats accelerate the conflict. We do not accept referendums or any illegal annexation, and we want the Kremlin to pay for this escalation, so we are proposing a new package of sanctions.”

Von der Leyen has specifically referred to the commercial part of the sanctions: “We want to further isolate the Russian economy and leave Russian products out of the European market, depriving them of 7,000 million profits. Thus, products are added that cannot enter the EU or Russia, such as key technology and electronic components, chemicals. These new bans attack Russia’s economic base.”

Brussels also proposes that the presence of community persons in the boards of directors of Russian companies be prohibited, as well as targeting Russian oil: “Russia uses fossil fuels to finance the war. We have already agreed to ban oil by sea in the EU from 5th December. There are third countries that need that oil, the G7 has agreed in principle to introduce a price cap for third countries. That would reduce profits and keep the market at a price, which is why we now put the legal bases for that cap on oil prices.”

“We will continue with our military support, giving arms to Ukraine, and we will study and adopt new sanctions, to people and to sectors,” the head of European diplomacy, Josep Borrell, announced a week ago at the end of the meeting of foreign ministers of the EU held at the United Nations, in which the Ukrainian minister, Dimitri Kuleba, participated: “There will be a new list of people, but we have not yet decided which ones. We have only made the political decision to do so, and I am convinced that we will achieve unanimity for a new sanctions package.”

“Russia’s actions in Ukraine continue to threaten peace and security in Europe and around the world and have serious global consequences in the form of increased food insecurity and higher energy prices,” said the statement approved by the 27 on September 22: “The EU reiterates its calls on Russia to respect the principles of the UN Charter and reverse these illegal plans. Russia, its political leaders and all those involved in the organization of these referendums, as well as other violations of international law and international humanitarian law in Ukraine, will be held accountable, and additional restrictive measures will be brought against Russia as soon as possible. in coordination with our partners. The EU and its Member States will never recognize these areas as anything more than a part of Ukraine and will continue to support Ukraine’s effort to restore its territorial integrity for as long as necessary.”

The president of the European Commission, Ursula von der Leyen, for her part, said the following to CNN: “We are prepared to impose new economic costs on Russia, and on the people and entities inside and outside Russia that provide support, politically or economically. In addition, we will propose [a los Estados miembros] new export controls on civilian technology as Russia moves toward a full war economy.”