Economy

Several EU states blocking new sanctions against Russia, refuse to sever economic ties with enemy, says Podolyak


Mykhailo Podolyak, Advisor to the President's Office

Mykhailo Podolyak, Advisor to the President’s Office

The European Union has yet to introduce a new package of sanctions against Russia as several member states are unwilling to sever their economic ties with the enemy, Mykhailo Podolyak, an advisor to the President’s Office, said on national television on Nov. 11.

Read also: UK steps up sanctions against Russia, targeting key industries and oligarchs

“We see that companies under the jurisdiction of, for example, Europe, continue to operate within the Russian consumer market,” Podolyak said.

“They make money there, unconcerned that the Russian budget taxes this money, and then this money is used to recruit those who are then sent to kill Ukrainians. They don’t care.”

Democratic states must take the principled position that any economic partnership with Russia should be impossible, he added.

On Nov. 9, reports surfaced indicating that certain EU countries are opposed to using the frozen assets of the Russian Central Bank to support Ukraine.

Read also: Russia calls G7 decision to use Russian assets a ‘self-inflicted gunshot’ and threatens retaliation

On Nov. 8, the EU’s chief diplomat, Josep Borrell, said the bloc plans to present a new package of sanctions against Russia.

On Nov. 7, it became known that despite sanctions, Russian trading companies still can purchase firearms and ammunition in Europe and the United States.

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Read the original article on The New Voice of Ukraine



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