International sanctions during the Russo-Ukrainian War
"We are not boasting off or anything like that, but as you can see, my answer will continue to be that we will try to defend our position as long as possible. We managed to do that for two years. Whether we will continue to do that - I don't know, but I hope so'', said Vui in an interview with TASS Director General Andrey Kondrashov.
The European Commission issued a stark warning on Friday, anticipating an escalation of Russian military actions in Ukraine leading up to the scheduled presidential elections on March 17. The Commission voiced concern over President Putin's persistent aggression against Ukraine, citing increased bombings around Christmas and New Year as evidence of escalating hostilities.
Cyprus is making an "extremely important" contribution in increasing sanctions pressure on Moscow, said Ukraine's ambassador to the east Mediterranean island, which was long in the spotlight for close business ties with Russia.
Cyprus all but severed those ties when it followed its European Union partners in slapping sanctions on Moscow over the February 2022 invasion of Ukraine.
President Vladimir Putin signed a decree on Nov. 8 offering a way for Russian investors to "swap" their frozen assets abroad with the frozen assets of foreign companies in Russia.
Since the conflict in Ukraine, Western countries have introduced a barrage of sanctions against Moscow, blocking its banks from making international payments and freezing Russian assets abroad.
After Russia's withdrawal from the agreement to export grain and fertilizers from Ukrainian and Russian ports on the Black Sea, prices have begun to rise again, Moscow has declared ships sailing to and from Ukraine are enemy vessels (they were already hard to insure), and the Security Council will meet on Friday to discuss the humanitarian fallout from the Russian decision.