View Single Post
Old 02-24-22, 11:55 AM   #910
Skybird
Soaring
 
Skybird's Avatar
 
Join Date: Sep 2001
Location: the mental asylum named Germany
Posts: 42,739
Downloads: 10
Uploads: 0


Default

The Frankfurter Rundschau reports about the EU sanctions of today this:


According to information from the Deutsche Presse-Agentur, the EU states agreed on the main features of the new sanctions package against Russia on Thursday. According to information from EU circles, it is aimed at the energy, finance and transport sectors. There will also be export controls on high-tech products and software, as well as restrictions on visa policy.

Exclusion of Russia from the Swift banking communications network and export bans on natural gas, for example, were not initially envisaged. However, it is considered quite possible in EU circles that there will be an exclusion from Swift at a later date and that Russia itself will stop supplying the EU with natural gas. According to the EU Commission, the Russian state-owned company Gazprom currently supplies around 40 percent of the gas consumed in the EU.

The sanctions against the financial sector are reportedly mainly about cutting off banks from EU financial markets. They are not to be able to borrow or lend money in the EU in the future. In addition, the refinancing of Russian state-owned companies in the EU is to be prevented. Their shares will no longer be traded in the EU. Something similar is planned for the energy sector.
According to Commission President Ursula von der Leyen, the new planned EU sanctions against Russia will stop Russian banks from accessing European financial markets.

The sanctions against the transport sector are about cutting off the Russian aviation industry from supplies of spare parts and other technology. Thus, a relatively small effort could have a huge impact and even shut down entire fleets, Brussels said Thursday. Export controls on high-tech products and software are also expected to make it difficult for other key Russian industries to develop. In the process, the country could be hit hard in the medium and long term, it was said in Brussels.

At the same time, it was stressed that the aim was not to hit Russian citizens. The target of the punitive measures would be those who support Putin's aggressive policies. A political decision on the sanctions package prepared by the EU Commission and the External Action Service is to be taken at a special EU summit this evening. The formal decision would then be taken afterwards.


Translated with www.DeepL.com/Translator (free version)




This has some sting in it, but no decisive, breaking sting. I would prefer to see more, although that would hurt us ouselves, too. Its about credibility now. These sanctions are too much compromise. When we do not regain credibility, how can we then hope to ever taken serious in deterrance?
__________________
If you feel nuts, consult an expert.
Skybird is online