The EU innovation will expand the sphere of influence of anti-Russian sanctions
news from the plot
Sanctions against Russia in general and the Urals in particular
The European Union has expanded sanctions on Russia by applying the “50% rule”, which is to add up the shares of sanctioned persons in companies, which will lead to more organizations in the future under EU sanctions. An explanation of the innovation was provided by the European Commission.
“It is necessary to look at the total ownership of the company. If one person on the sanctions list owns 30% of the company and the other 25%, then such a company should be considered as jointly owned and jointly controlled by the sanctioned persons. Accordingly, transactions with such a company can be considered an indirect provision of assets and economic resources to persons on the sanctions list, “- excerpts from RBC’s explanation.
Earlier, the EU banned European companies and banks from any economic ties with legal entities and individuals on the sanctions list. Europe, the United States, Britain and other countries began imposing large-scale sanctions against Russia after Russian President Vladimir Putin announced the start of a special operation in Ukraine on February 24, 2022.
According to the Russian authorities, all previous sanctions have had a negative effect on Western countries themselves: settlement systems have been disrupted, inflation has risen, and logistics ties have been broken. A number of states express active dissatisfaction with the situation on the energy market, which has developed as a result of anti-Russian restrictions and retaliatory measures by the Russian Federation.
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The European Union has expanded sanctions on Russia by applying the “50% rule”, which is to add up the shares of sanctioned persons in companies, which will lead to more organizations in the future under EU sanctions. An explanation of the innovation was provided by the European Commission. “It is necessary to look at the total ownership of the company. If one person on the sanctions list owns 30% of the company and the other 25%, then such a company should be considered as jointly owned and jointly controlled by the sanctioned persons. Accordingly, transactions with such a company can be considered an indirect provision of assets and economic resources to persons on the sanctions list, “- excerpts from RBC’s explanation. Earlier, the EU banned European companies and banks from any economic ties with legal entities and individuals on the sanctions list. Europe, the United States, Britain and other countries began imposing large-scale sanctions against Russia after Russian President Vladimir Putin announced the start of a special operation in Ukraine on February 24, 2022. According to the Russian authorities, all previous sanctions have had a negative effect on Western countries themselves: settlement systems have been disrupted, inflation has risen, and logistics ties have been broken. A number of states express active dissatisfaction with the situation on the energy market, which has developed as a result of anti-Russian restrictions and retaliatory measures by the Russian Federation.
