World EU to soften sanctions on Russian banks to allow food trade
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The European Union will amend its sanctions on Moscow on Wednesday by allowing the unfreezing of some funds of top Russian banks that may be required to ease bottlenecks in the, a draft document showed.
The move comes amid criticism from African leaders about the negative impact of the sanctions on the trade, which may havechiefly caused by Russia's invasion of Ukraine and its blockading of ports in the Black Sea.
Under the changed regulation, which is expected to be adopted by EU envoys on Wednesday, EU nations will be able to unfreeze previously blocked economic resources owned by top Russian lenders VTB, Sovcombank, Novikombank, Otkritie FC Bank, VEB, Promsvyazbank and Bank Rossiya, the document said.
Don’t Blame Dostoyevsky
I understand why people hate all things Russian right now. But our literature did not put Putin in power or cause this war.Terrible crimes, I agree, are being committed in the name of my people, in the name of my country, in my name. I can see how this war has turned the language of Pushkin and Tolstoy into the language of war criminals and murderers.
Separately, under new sanctions to be adopted on Wednesday, Sberbank, Russia's largest bank, will also become subject to the freezing of its assets, with the exception of resources needed for food trade, an EU official told Reuters .
The draft document said money could be released "after having determined that such funds or economic resources are necessary for the purchase, import orand food products, including wheat and fertilisers".
Under the revised sanctions, theplans to facilitate exports of food from Russian ports, which traders had stopped servicing after EU sanctions despite the measures explicitly exempting food exports, an official said.
Russia's Gazprom slashes natural gas flow to Germany
Gazprom further reduced natural gas flows through the Nord Stream 1 pipeline to Germany on Monday as Europe scrambles for alternative energy supplies.The pipeline had reopened at 40% capacity last week after being down for 10 days for scheduled maintenance.
The EU has so far denied its sanctions affected food trade.
The EU, along with the United States, Britain and others,on Russia after its invasion of Ukraine on Feb. 24. Russia calls its actions a "special military operation" to disarm and "denazify" Ukraine. Kyiv and the West say Moscow is waging an unprovoked war of aggression.
The Ukrainian Muslims fighting against Russia .
Those who have joined the war effort against Russian forces also fight past injustices and to return to Crimea.Since Russia’s full-scale invasion began in February, Khadzali has worked with a team of six volunteers to provide humanitarian assistance and evacuate people from areas hit hard by the fighting.