EU readies capital controls and tariffs to safeguard Russia sanctions

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Brussels is going to use capital control and tariffs against Russia if Hungary is blocking the extension of EU economic sanctions, which is imposed in Moscow in response to its war in Ukraine.

Is European Commission: The national capitals said that most of the sanctions, including 200 billion, could be transferred to the frozen Russian assets, to the Budapest veto, which have been submitted to the ongoing discussions.

The preparations come because the EU has promised to maintain economic pressure on Moscow to force Russia to agree on the proposed ceasefire and Ukraine.

But Hungary, the Prime Minister of which Victor Orban, has repeatedly been sentenced to Russia, threatened to veto at the end of July until all 27 member states agree. Restrictions also include obstacles to imports of such energy and prices caps.

The stages discussed only require the majority of EU countries to prolong the sanctions. Capital controls that will prevent Russia’s money and tariffs, such as tariffs, which are mentioned in recent weeks, officials report.

Previous ideas included bilateral national events that will allow such countries such as Belgium, where most of Russia’s 200 billion euros are immovable Prohibit the repatriation of Russian assetsA number

“We are all focused on the program,” said one of the officials. “But there are discussions on the legal basis of alternative options.”

Budapest did not have serious objections to the fresh package of sanctions against Moscow, discussed at the meeting of all 27 ambassadors on Monday, according to the discussion. The 17th package of events Targeting companies in China and elsewhere which help Moscow avoid sanctions, it is expected to be signed on Wednesday and will be officially imposed at the beginning of next week.

In January, the EU set tariffs on Russian and Belarusian fertilizers, a step that two of the officials say how to turn into other trade imports.

The Commission has promised to submit legal proposals next month, which will allow the ban on Russian gas and on-site market agreement this year and by 2027.

He also said that it would offer tariffs on enriched uranium as part of the EU’s efforts to reduce EU trustworthiness.

Some eu Diplomats are Concerned That A Ban On Russian Gas Without Sanctions Would W Without Sancoming Embroiled in Lengthy Legal Battles and Have Pressed The Commission For Assurance WAT Legally WATERTIGHT.

During the meeting last week, the commission said that he was surprised by the “lack of trust” of member states, and that it has the “best people” who work on the rules.