Posted on 06/10/2025 9:52:40 AM PDT by marshmallow
The sanctions will include a ban on European businesses from any transactions related to the Nord Stream pipeline, blacklisting 77 tankers that transport oil
BRUSSELS, June 10. /TASS/. The new EU sanctions package will include a ban on the use of the exploded Nord Stream pipelines, blacklisting banks and tankers, banning the EU countries from buying Russian oil and an attempt to lower the price cap for it, President of the European Commission Ursula von der Leyen said at a briefing in Brussels, presenting the draft of the 18th sanctions package.
"We will step up pressure on Russia including though further robust sanctions. Therefore, we are now proposing the 18t package of hard biting sanctions. We are targeting basically two sectors - the Russian energy and banking sectors," she said.
The sanctions will include a ban on European businesses from any transactions related to Nord Stream, blacklisting 77 tankers that transport oil despite attempts to impose a price cap, lowering the price cap for Russian oil from $60 to $45 per barrel, blacklisting another 22 banks with a complete ban on transactions in the EU, and the introduction of new restrictions on the export of dual-use products and technologies to Russia.
Von der Leyen also tried to present the 18th package of sanctions as a way to force Russia to the negotiating table, despite the fact that they had started to develop these sanctions before the negotiations between Russia and Ukraine began. She did not mention any mechanisms or scenarios that would suggest the possibility of changing the sanctions regime.
In turn, the head of the EU diplomatic service, Kaja Kallas, expressed hope that Russia will run out of money by the end of the year after the introduction of new sanctions. Answering journalists' questions, she also tried to convince them.......
(Excerpt) Read more at tass.com ...
Ain’t this like pissing in the wind at this point?
From CNN:
“The proposal includes lowering the price cap on Russian oil exports from $60 to $45 per barrel and introducing a full transaction ban on Russian banks and financial institutions in third countries that help Russia circumvent existing sanctions.
The EU said it is also proposing a ban on the use of Russian energy infrastructure, forbidding any EU operator from engaging directly or indirectly in any transactions that involve the Nord Stream pipelines.
The new package will need to be approved by the EU’s 27 member states. That could be complicated given previous concerns raised by some more pro-Kremlin governments, such as Hungary and Slovakia, about further sanctions targeting Russia.
While both those countries have previously threatened to block new rounds of sanctions, so far they have ultimately voted in favor of them.”
“Russia will run out of money by the end of the year”
As financial reserves are depleted, the deficits are increasingly being covered by the Russian Central Bank, issuing more new rubles.
The transition is already underway, as the Russian Government can no longer sell all the bonds that it offers (even at high interest rates), forcing the Russian Central Bank to be the buyer of last resort - using newly created rubles.
More money chasing the same goods (domestically), produces inflation.
A devalued ruble that no one will accept (Internationally), produces shortages, of those things that Russia must import.
Pretty much anything nice in Russia, is imported, and notably a lot of critical technology.
Good. The EU and its allies should be doing everything in their power to choke off the Russian economy.
Who posts Russian propaganda directly from TASS and sympathetic to the Russian crimes.
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