The European Union (EU) has given its final approval on Thursday to the bloc in the sixth round of sanctions against Russia for invading Ukraine, a diplomat told Reuters.
The sanctions include a partial ban on oil and will remove Russia’s top bank Sberbank from the international SWIFT platform. The sanctions come after Hungary stubbornly refused to give the necessary unanimity to the 27 EU countries, escalating its demands.
On Thursday, the diplomat said, the deal finally became possible after the other 26 countries agreed to remove the head of the Russian Orthodox Church, Patriarch Kirill, from the proposed blacklist to appease Budapest.
The agreement enters into force tomorrow at 7:00 GMT, unless a Member State objects, the diplomat said. The legal imposition of sanctions will follow immediately after.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
