Oil, gas and mining

EU will STOP Nord Stream 2, all kinds of tech transfers and will order exports control with Russia



Edgar Rinkēvičs, Minister of Foreign Affairs of Latvia: I do believe that today when we are discussing about the situation around Ukraine, at least I on behalf of Latvia will call on starting the imposing sanctions on Russia. Because what is happening in Donbass is the clear responsibility of Russia and also the decision not to withdraw troops from Belarus as they claimed to have them prolonged are clear signs that from words we need to start also preparing some real actions. Even if I don’t believe that today we can
agree on the package of sanctions, we need to start political and legal process so that everything is ready if things get really worse.

– What would be the most big sanctions?

Stopping Nord Stream 2, financial sector and also we talk about exports control and stopping all kinds of technology transfers, especially in dual use field.

– What do you think about the situation in Belarus, military drills?

As I said, I think that Belarus actually has shown that it is now fully dependent on Russia. The decision to keep Russian troops. I don’t know for how long, but it looks in definitely shows that the country actually has lost its sovereignty.
Thank you very much.

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The European Union will not impose sanctions on Russia just yet, its foreign policy chief said on Monday, rebuffing a call from Kyiv to take such steps now to avert a war rather than wait until after any possible Russian invasion.

Western countries fear a build-up of Russian troops near Ukraine in recent weeks is a prelude to an invasion, which Moscow denies. The United States and European allies have said any attack would trigger severe sanctions against Moscow, but Kyiv wants these to be imposed now.

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“We expect decisions,” Ukraine’s Foreign Minister Dmytro Kuleba said in Brussels before addressing a regularly scheduled meeting of EU foreign ministers.

“We believe that there are good and legitimate reasons to impose at least some of the sanctions now to demonstrate that the European Union is not only talking the talk about sanctions, but is also walking the walk.”

The EU ministers backed plans announced last month for a 1.2 billion euro financial aid loan package for Ukraine, and also agreed in principle to a long-standing Ukrainian request for a small-scale mission of military instructors to help train officers.

Lithuania’s foreign minister said the EU “should look for more than just an invasion” as the trigger for sanctions because Ukraine is already suffering economic and other impacts from the Russian military buildup on its borders.

“There are certain things that have already begun, they already carry a price, and they should warrant an answer,” Gabrielius Lansbergis told reporters in Brussels.

He also called for the EU to impose additional sanctions on Belarus for hosting Russian troops on its territory, closing loopholes Minsk uses to continue exports of oil and potash.

However, the EU’s foreign policy chief Josep Borrell, as well as some of the assembled foreign ministers, made clear the bloc did not plan to impose sanctions on Russia yet.

Borrell told reporters he would convene an extraordinary EU meeting to agree sanctions only “when the moment comes”.

For now, the EU supports the latest attempts to arrange further talks, Borrell said, after France said U.S. President Joe Biden and Russian President Vladimir Putin had agreed in principle to a summit over Ukraine.

“Summit meetings, at the level of leaders, at the level of ministers, whatever format, whatever way of talking and sitting at the table and trying to avoid a war, are badly needed,” said Borrell

German Foreign Minister Annalena Baerbock accused Russia of playing an “irresponsible” game with the civilian population of eastern Ukraine and urged it to return to the negotiating table.

MILITARY EDUCATION, FINANCIAL AID

Sporadic shelling across the line dividing Ukrainian government forces and pro-Russian separatists in the east has intensified since Thursday, with Western countries saying they fear Moscow is trying to create a pretext to invade.

Kuleba, speaking after meeting his EU counterparts, welcomed the agreement to send military instructors and he said they were not combat troops.

“The details, the parameters and the timeline of this rollout are still to be discussed. But this is critical we open that new phase in our relations,” he said.

An EU diplomat said the mission would be limited in scope and would not happen very soon.

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