Brussels, June 13 (IANS/DPA) Germany is bogging down negotiations on the latest EU sanctions package intended to prevent Russia from circumventing existing punitive measures imposed over the war in Ukraine.
Diplomats in Brussels said German concerns and requests for changes are a decisive factor in the delay of the latest Russian sanctions package.
They said it recently felt like Germany had become the new Hungary, referring to Hungarian Prime Minister Viktor Orban, who has repeatedly delayed decisions on Russia sanctions at the EU level.
The latest planned EU punitive measures are aimed at preventing the circumvention of existing sanctions, with Russia’s defence industry currently still able to benefit from Western technology to produce weapons for its war in neighbouring Ukraine.
For the first time, the EU also plans to impose strict sanctions against Russia’s multi-billion-dollar liquefied natural gas (LNG) industry.
According to diplomats, the European Commission is looking to bar the shipment of Russian LNG to third countries from EU ports such as the one in Belgium’s Zeebrugge, the hope being that this would reduce Russian LNG profits and thus available investments for the war in Ukraine.
German reticence mainly concerns the planned measures aimed at preventing sanctions circumvention, according to EU diplomats.
Among other things, Berlin is calling for a planned rule for subsidiaries to be held liable in the event of violations to be limited to certain goods or cancelled altogether, amid apparent fears that German companies could be held responsible for sanctions violations.
–IANS/DPA
sd/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.