EU ambassadors can’t reach an agreement on the 15th package of Russian sanctions because of Lithuania and Latvia.

Monday, December 9, 2024
EU ambassadors can’t reach an agreement on the 15th package of Russian sanctions because of Lithuania and Latvia.

Representatives of EU countries were not able to approve the 15th package of sanctions against Russia, aimed at its elusive shadow fleet. According to EU diplomats, Lithuania and Latvia blocked the adoption of the package due to disagreements over an extension of the deadline given to European companies to withdraw their investments from Russia, which has allowed them to operate in Russia despite the sanctions. Some companies are abusing this loophole, enabling them to remain in Russia.The European Commission promised to consider Lithuania and Latvia’s requests in the 16th package.

The 15th sanctions package is expected to be submitted for further discussion during the meeting of EU foreign ministers on December 16. Current EC proposals provide for adding 29 legal entities and 54 individuals to the sanctions list. For the first time, companies from China will appear on the sanctions list for their support of Russian aggression. There is also talk of new measures to combat the shadow fleet, including 48 tankers placed on the blacklist.

 

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Sweden and Denmark have ordered 40 infantry fighting vehicles, Estonia will test its latest anti-aircraft missiles, and the second batch of Danish F-16s has arrived in Ukraine.  

Sweden and Denmark have ordered 40 infantry fighting vehicles, Estonia will test its latest anti-aircraft missiles, and the second batch of Danish F-16s has arrived in Ukraine.  

Next post
FitchRatings: What awaits the Ukrainian economy and when the war will end.

FitchRatings: What awaits the Ukrainian economy and when the war will end.

Previous Main Topics