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EU plans phased oil ban on Russia, also targeting more banks

STRASBOURG (Reuters) -The European Union's executive on Wednesday proposed the toughest package of sanctions yet against Moscow for its war in Ukraine, but several countries worried about the impact of cutting off Russia oil imports stood in the way of agreement.

EU plans phased oil ban on Russia, also targeting more banks | Hellenic Shipping News Worldwide

The European Union’s chief executive on Wednesday proposed a phased oil embargo on Russia over its war in Ukraine, as well as sanctioning Russia’s top bank and banning Russian broadcasters from European airwaves, in a bid to deepen Moscow’s isolation. The plan, if agreed by EU governments, would mark a watershed for the world’s largest .

Military Takeover in Burma Leads to New US Sanctions and Export Controls | White & Case LLP

To embed, copy and paste the code into your website or blog: On February 1, 2021, the Burmese military announced that it had seized control of the country from the country s democratically elected government. 1 In response to the coup, the US has so far designated 12 individuals and three entities and imposed restrictions on certain exports. Allied governments, including the European Union, the United Kingdom and Canada, either have promulgated their own sanctions or are considering doing so. The US has signaled that it is preparing additional measures targeting the individuals responsible for the coup and ensuing violence. Given the Burmese military s pervasive presence in Burma s economy, companies are advised, as a matter of priority, to assess their commercial ties with Burma.

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