Economic sanctions

Oil shipments to Belgrade via Croatia fall under EU sanctions

The Kremlin said on Monday the halt of gas deliveries to Germany via the Nord Stream pipeline was caused by Western sanctions that prevent the maintenance of its infrastructure.

The apple producers in Agia Larissa are in despair, because of the difficulties that have arisen in exporting their produce to Egypt, and are being forced to sell at prices below cost.

The Sanctions Buster

Illustration: BIRN

Slobodan Tesic is reputedly one of the biggest arms traders in the Balkans. He is also one of the most controversial in the region, having been the subject of UN sanctions over violations of embargoes on weapons exports to Liberia for the best part of a decade.

The complete ban on the purchase of Russian coal comes into force today. The measure was approved as part of the fourth package of sanctions adopted in April against Russia over the war in Ukraine.

Another ban on imports from Russia is due to be implemented later this year: a partial oil embargo.

Hungarian Prime Minister Viktor Orban commented on the national radio station Kossuth Rádió on Friday about the current situation and the consequences of Western sanctions against Moscow, saying that his previous assumptions about their effect have now been confirmed, as the sanctions policy has not lived up to the European Union's initial hopes.

The G-7 countries have imposed a new package of sanctions against Russia. The measures are aimed at the military industry and military supply chains.

World markets are expecting an "insanely difficult" summer due to the partial embargo of the European Union on Russian oil, Business Insider reports, citing analyst Victor Chatenay.

According to him, the only hope for lower resource prices will be "insanely" high interest rates on loans.

Over 70% of people surveyed in the EU agree with the imposition of economic sanctions on Russia, with two-thirds feeling that more stringent sanctions should be imposed. Support for economic sanctions is particularly high in Scandinavian countries, the Baltic states, Romania, Poland and Ireland.

Ljubljana – Defence expert Vladimir Prebilič has assessed for the STA that the continuation of the war in Ukraine constitutes a failure of diplomacy, while noting that the pressure from Kyiv on the EU and NATO to provide aid is not productive. He believes that the aid received by Ukraine in the current form is unsustainable in the long run.