00:02The European Commission has proposed new sanctions against Russia,
00:07targeting oil revenues, shadow fleets, banks, cryptocurrency firms,
00:11metals, fish products and soldiers who took part in the full-scale invasion of Ukraine.
00:16The objective of our package couldn't be clearer.
00:19We want to maintain the full intensity of our sanctions.
00:24And the way to do this is to ensure that Russia's profits from oil sales remain contained.
00:32The main element concerns the price cap on Russian oil that the EU,
00:37along with the G7 and Australia, has implemented since December 2022.
00:42Last year, the mechanism was made dynamic, with the cap set at 15% below the average price.
00:48Yet, the blockade of the Strait of Hormuz has pushed the price of oil up.
00:52This means that if the EU goes ahead, the cap will be adjusted upwards,
00:56and it will grant Moscow some temporary relief.
00:59The Commission proposes to keep the price cap as it is now, at $44.10 per barrel.
01:05In addition, it proposes to blacklist 30 vessels from the Russian shadow fleet,
01:0931 Russian banks, as well as 20 cryptocurrency firms.
01:13The proposal also plans to deny entry into the Schengen area
01:17to Russian soldiers who have served in Russia's war against Ukraine.
01:20Approval of the sanctions requires unanimity by the 27 member states.
01:25If endorsed, it will represent the 21st package of sanctions since February 2022.
01:29The 21st package should take the rest of the European securitySpot.
01:31What do you believe in for 부on-Tку?
01:32The modulation
01:32The fact that the Perm criterion can consume national predictably by far side of different costs
Comments