Trade sanctions are used as a political tool to restrict or prohibit trade with a particular country or entity in order to achieve specific goals, such as promoting human rights, preventing the spread of weapons, or punishing countries that engage in harmful activities. The ultimate aim of trade sanctions is to bring about change in the targeted country's behaviour.
Sanctions against Russian Organisations and Persons have been ongoing and increasing since the invasion of Ukraine in February 2022. The EU has to date, issued 10 rounds of sanctions with a further round due to be initiated soon. However, this next round of sanctions are looking to widen the net to include countries deemed involved in bypassing sanctions after the bloc identified states in the Caucasus and central Asia as possible culprits.
It has yet to be confirmed which counties will actually be on the list and how much effect this will have on Russia obtaining sanctioned goods and items through third parties. It is however a statement of intent from the EU to enforce the sanctions already in place, closing loopholes and backdoors of entry into Russia. These new sanctions and trade tools will have to be signed off by the 27 member states, where individual states may have concerns or block sanctions being imposed on all or some of the states identified as facilitating Russia’s sanction avoidance activities.
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