The European Union will amend its sanctions on Moscow on Wednesday by allowing the unfreezing of some funds of top Russian banks that may be required to ease bottlenecks in the global trade of food and fertilisers, a draft document showed.
The move comes amid criticism from African leaders about the negative impact of the sanctions on the trade, which may have exacerbated shortages chiefly caused by Russia's invasion of Ukraine and its blockading of ports in the Black Sea.
Under the changed regulation, which is expected to be adopted by EU envoys on Wednesday, EU nations will be able to unfreeze previously blocked economic resources owned by top Russian lenders VTBRegister now for FREE unlimited access to Reuters.com
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Russia threatens 'doomsday' if Ukraine attacks Crimea: Russian media'Should anything of the kind happen,' Medvedev said a doomsday would be 'very quick and tough, immediately.'
Weiterlesen »
‘Unprecedented Urgency' May Have Pushed India and the EU to Revive Trade Talks After 9 YearsIn a stunning turnaround, India and the European Union recently revived negotiations for a free trade agreement after talks halted nearly a decade ago.
Weiterlesen »
EU Wants More Russia Sanctions Despite Looming Energy, Food CrisisThe European Union will discuss tightening sanctions against Russia on Monday, as Moscow is accused of basing artillery at a nuclear plant.
Weiterlesen »
Burdensome but not a threat: How new EU law can affect stablecoinsThe industry met the latest MiCA draft with a mixed response — the cautious optimism of some experts was counterweighted by the diagnosis of “unworkability” on Twitter.
Weiterlesen »
EU begins official membership talks with Albania, North MacedoniaEU Commission head Ursula von der Leyen hailed the “historic moment” at a joint news conference with Albanian Premier Edi Rama and North Macedonia’s Prime Minister Dimitar Kovacevski.
Weiterlesen »