October 3, 2022

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The West announced the first sanctions against Russia

Then Russia has recognized the independence of separatist areas in UkraineOn Tuesday, February 22, Western nations promised tougher sanctions against Moscow, where it intends to station troops.

After a long hesitation, Germany finally suspended the North Stream 2 gas pipeline project, a major project for Berlin and Vladimir Putin. The halt to this baronic project by the German Chancellor himself, perhaps, was certain.

Read more Ukraine crisis, direct: EU approves “unanimous” “sanctions package” against Russia

“We need to re-evaluate the situation, especially with regard to Nord Stream 2”Olaf Scholz told a news conference that the Ministry of Economy would review the certification process in light of Russia’s actions.

The North Stream 2 project, led by Russia’s public gas company Gasprom and partially funded by European energy companies including the German Uniform and the French ENG, enables Russia to supply twice as much gas to Germany as it does to Ukraine. North Stream 2 connects Russia with Germany via a 1,230 km pipeline under the Baltic Sea, with a gas capacity of 55 billion cubic meters per year, and its dual North Stream 1 has been operating on the same route since 2012.

Also read the paragraph: The article is reserved for our subscribers “Curse, the North Stream 2 gas pipeline illustrates the ambiguity of some Europeans in the arms of sanctions against Russia.”

Ukraine is satisfied with this suspension

The project, valued at more than 10 billion euros, was funded by five European groups in the energy sector. In addition to Uniper and Engie, its financiers include the Austrian oil company OMV, the German gas and oil producer Wintershall Dea and the Anglo-Dutch oil company Shell. Germany is a major promoter of the gas pipeline project within the EU, which hopes to help transform its territory into a European gas hub while achieving the energy shift it has begun.

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Ukraine, at first, feared that it would lose revenue from transportation of Russian gas and be more vulnerable than Moscow. Its chairman, Vlodymyr Zelensky, reiterated his call for a ceasefire on Tuesday morning. “Immediately” Of the project. His diplomatic leader welcomed the suspension. “Politically and Morally Justified”.

On Twitter, Dmitry Medvedev, deputy chairman of the Security Council of Russia, mocked: “Welcome to the new world where Europeans will soon pay 2,000 euros for a cubic meter of gas!”

Read more The article is reserved for our subscribers Ukrainian crisis: Shocked, Europe must first restrain itself from “targeted” sanctions against Russia

London bans five banks and three Russian figures

Washington welcomed Berlin’s decision on Tuesday New activities. “If Russia invades Ukraine, we will work with Germany to ensure that North Stream 2 does not run,” he said. We have been in close consultation with Germany overnight and welcome their announcement. Today we will take action on our own ”Joe Biden’s spokeswoman Jen Zaki said Twitter.

Hours after Vladimir Putin’s speech on Monday, Washington issued its first limited sanctions, especially targeting the separatist territories of Donetsk and Lukansk. By executive order, Joe Biden banned all new investment, trade, or financing of these pro-Russian areas by or within the United States.

The first series of European sanctions against Russia will be presented in the afternoon after an extraordinary extraordinary meeting of EU foreign ministers. Announced Tuesday in a joint statement Ursula van der Leyen, President of the European Commission and Charles Michael, President of the Council of Europe.

Announced by British Prime Minister Boris Johnson in London His first sentences : “Today the UK has approved the following five Russian banks: Rosia, IS Bank, General Bank, Bromswiasbank and the Black Sea Bank, and we allow three very large individuals.The head of government said in parliament. This is the first installment, the first volley of what we are ready to do. ⁇

Among the three people allowed in was Vladimir Putin’s close friend, businessman Janet Tymchenko. “All of their assets in the UK will be frozen and victims will not be allowed to travel here.”Boris Johnson said.

Read more The article is reserved for our subscribers Ukraine: In Washington, a cautious reaction to Russian expansion

Le Monde with AFP and Reuters