New EU sanctions against Russia and Belarus
22:04
The European Union has adopted new sanctions targeting Belarus and Russia. They forbid, inter alia, transactions with the central bank of Belarus related to the management of reserves or assets. The sanctions will also include a ban on the export of marine technologies to Russia.
The EU, as part of a new package of sanctions against Russia for the invasion of Ukraine and for helping Belarus in this aggression, excluded three Belarusian banks from the SWIFT system: Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus. In practice, the decision will prevent Belarusian banks from carrying out international transactions, such as money transfers. Banks will be excluded from the entire international system.
The EU has also banned transactions with the Central Bank of Belarus over its assets and reserves, as well as the granting of EU public financing for trade and investment in Belarus. The ban includes, for example, insurance of loans taken to finance exports to Belarus.
It will also be forbidden to list the shares of Belarusian state-owned companies on stock exchanges in the EU and to provide related services. The restriction will take effect on April 12.
The EU also decided to extend sanctions to Russia. The EU has introduced sanctions banning the export of maritime navigation equipment and radiocommunication technology to Russia, as well as the export of maritime-related goods to Russia.
