The European Union is preparing its 14th package of sanctions against Russia. The Polish side advocates for the inclusion of Belarusian companies and individuals in the restrictions as well.
This was announced by Polish Finance Minister Andrzej Domanski ahead of the EU Economic Affairs Council meeting.
New Sanctions Will Target More Than Just Russia
During the meeting, ministers are discussing the preparation of the new sanctions package.
“Undoubtedly, sanctions should also target Belarus. This country often circumvents sanctions. We need to deliver another decisive blow to Russia, including economically,” said Andrzej Domanski.
At the same time, Swedish Finance Minister Elisabeth Svantesson called not to spread the Russian narrative that sanctions do not work. She noted that Russia’s economy is indeed suffering from the EU’s restrictions.
“We know that sanctions are effective. We know that inflation is much higher than the official figures. We know they have a shortage of components, labor, etc. Therefore, the economy is weaker than many claim,” added Elisabeth Svantesson.
The 14th Sanctions Package: What We Know
- Earlier, media reported that the new EU sanctions could target Russia’s “shadow fleet.” Thus, ships transporting Russian oil despite EU restrictions would not be able to enter European ports.
- Sanctions could also affect LNG imports, particularly concerning Russia’s LNG projects “Arctic” and “Murmansk.”
- The new sanctions package could affect more than 50 companies outside the EU that are subject to trade restrictions.
Take note: On May 13, Joe Biden signed a law prohibiting the import of unirradiated low-enriched uranium produced in Russia or by a Russian legal entity.”
