Ukraine war sanctions: EU freezes Putin and Lavrov’s assets

Status: 02/25/2022 19:40

The EU has decided on direct sanctions against Russian President Putin and his Foreign Minister Lavrov. Potential assets in the EU will be frozen. Britain also imposed punitive measures.

Due to the Russian invasion of Ukraine, the EU has decided direct sanctions against President Vladimir Putin and Foreign Minister Sergey Lavrov. EU foreign policy chief Josep Borrell said after a meeting of EU foreign ministers in Brussels that Putin and Lavrov are now on the sanctions list along with members of the Russian parliament “who support this aggression.” “.

Possibly the existing assets of the two politicians in the EU will be frozen. According to the latest information, they should be allowed to enter the EU for diplomatic talks. It is not yet clear whether Putin and Lavrov have assets in the EU that could be frozen. Otherwise, the measures would be only symbolic.

Baerbock: Hitting the Putin system at the core of power

“We are hitting the Putin system where it needs to be hit, not just economically and financially, but at the core of its power,” said Federal Foreign Minister Annalena Baerbock.

“That is why we not only listed the oligarchs, that is why we already listed not only numerous members of parliament, but now we also list the president, Mr. Putin, and the foreign minister, Mr. Lavrov ”. Putin and Lavrov are responsible for “innocent people dying in Ukraine.”

Looking at the whole package, he added: “This will ruin Russia.” The heads of state and government have already agreed on the main features of the punitive measures at a special EU summit on Thursday.

“People still want to have sanctions up their sleeves,” says Matthias Deiss of ARD Berlin

Tagesschau 15:00, 25.2.2022

Britain also imposes direct sanctions

In addition to the EU, Britain also imposed sanctions on Putin and Lavrov. According to a government statement, British Prime Minister Boris Johnson said this at a meeting of heads of state and government of NATO countries. The reason for the step is the “revanchist mission” of Putin and Lavrov, with which they wanted to eliminate the world order after the Cold War by attacking Ukraine.

Johnson also called for Russia to be immediately excluded from the SWIFT payment system “to cause maximum damage to President Putin and his regime.”

Several sanctions already in force

The EU had previously imposed a series of sanctions on Russia. They are intended to restrict access to financial markets and important technologies. According to the summit declaration approved in Brussels on Thursday night, the sanctions are aimed at Russia’s financial, energy and transport sectors, the export of dual-use goods that can be used for civil and military purposes, the emission of visas and a number of “Russian individuals”. The detailed sanctions package still needs to be formally approved by the EU Council of Ministers on Friday.

According to a draft available to the AFP news agency, the Russian state railway company RZD, the vehicle manufacturer Kamaz and the USC shipyard are affected by new sanctions. Russian private banks Alfa Bank and Bank Otkritie should also be on the sanctions list.

EU imposes sweeping package of sanctions on Russia

Markus Preiß, ARD Brussels, daily news at 8:00 p.m., February 25, 2022

SWIFT exclusion not yet planned

Russia’s exclusion from the SWIFT banking communication network and natural gas export bans, for example, are not currently planned. However, it is considered quite possible that there will be a delisting of SWIFT at a later date and that Russia itself will stop supplying natural gas to the EU. According to the EU Commission, the Russian state-owned company Gazprom has so far supplied around 40 percent of the gas consumed in the EU.

Regina Anderson

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