The EU has proposed trade curbs on Chinese firms over the Russia-Ukraine conflict. The EU Council has approved resolutions to use profits from frozen Russian assets for Ukraine, expanding restrictions to companies from Hong Kong, Serbia, India, and Turkey.
⚡️EU agrees on new measures to isolate frozen Russian funds The European Council agreed on Feb. 12 to a set of new measures targeting profits from frozen assets belonging to the Russian Central Bank, possibly paving the way for the revenue to be eventually redirected to Ukraine.
🇪🇺 The #EU Council has adopted a decision and a regulation that makes it possible to use the profits from frozen Russian assets for #Ukraine, the European Council website reports. This allows for the collection of deposits from 🇷🇺 money in the EU and their storage in separate…
⚠️ EU GIVES DETAILS ON ITS MEASURES REGARDING RUSSIAN CENTRAL BANK ASSETS (Reuters) The EU on Monday gave more details on how it will implement restrictive measures regarding Russian Central Bank, it said in a statement. "The (European) Council decided in particular that… https://t.co/QAx07h5Cgn
The EU Council has approved a resolution which opens the possibility for the Council to decide on a financial contribution to the EU budget based on net profits from frozen Russian assets. This financial contribution may be directed through the EU budget to the Ukraine Facility,… https://t.co/b500MN0lo9
❗️The EU Council has approved a regulation allowing profits from frozen Russian assets to be used for Ukraine. https://t.co/5TL8ScWaEc
The EU has specifically has proposed curbs on three Chinese firms for helping Russia It has expanding the list of company's it will be restricting to include businesses from Hong Kong, Serbia, India and Turkey according to a draft proposal (bbg)
🔴 EU PROPOSES FIRST TRADE CURBS ON CHINESE FIRMS OVER RUSSIA WAR.
🇪🇺The EU has proposed imposing sanctions against 55 companies and over 60 individuals as part of a new package of sanctions against Russia, Bloomberg reports. The new restrictions will affect individuals and entities involved in arms production, supplies of key technologies,… https://t.co/8ADu3269x0