The European Union, as part of the tenth package of sanctions against Russia, plans to force all banks to report on the assets of the Central Bank of Russia that are in their accounts. The influential publication Bloomberg writes about this.
Such a decision should be the first step in exploring options for the potential use of these funds for the reconstruction of Ukraine. The proposals of the European Commission, submitted to the EU countries for consideration, also contain an obligation to report frozen assets associated with sanctioned individuals and legal entities from Russia. Violation of this requirement threatens with fines of up to 50 thousand euros for individuals and 10% of annual turnover for companies.
Also, the tenth package of sanctions against Russia may include:
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a ban on the transit of goods through the Russian Federation;
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broad trade restrictions on goods used by the Russian army, including spare parts, heavy vehicles, electronics, rare earth elements;
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sanctions against Alfa-Bank, Rosbank, Tinkoff Bank and the National Wealth Fund of the Russian Federation;
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suspension of broadcasting licenses for a number of Russian media;
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a ban on imports of Russian rubber and asphalt to the EU;
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personal sanctions against dozens of individuals;
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sanctions against the reinsurer of Russian tankers carrying Russian oil;
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sanctions against a British shipping company for providing ships to transport stolen Ukrainian grain;
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a ban for Russian citizens to hold positions in the governing bodies of EU critical infrastructure operators;
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a ban on gas storage in the EU by Russian companies.
There is no mention of Rosat in the draft of the tenth package of sanctions.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.