“We know that this is extremely important to counter all the attempts to circumvent our sanctions and it’s why we are making decisions every week so that we can fine-tune, calibrate our sanctions in the best possible way”, Mr Michael stated.
“We want to cut the financing of the Russian war machine. This is not easy. This is complex.”
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Charles Michel stated the blockade is efficient. Pic: Reuters
European and British-made luxurious automobiles are being exported to neighbouring states and pushed over the border to Russia to keep away from sanctions guidelines and being included in customs information.
After the invasion in February 2022, producers couldn’t export to Russia. However autos made by Lamborghini, Porsche, Mercedes and Jaguar Land Rover have been seen being moved in direction of the border between Georgia and Russia.
Mr Michel stated there are “actors” making an attempt to make use of “weaknesses and some margins of manoeuvre” throughout the embargo. “And it’s why it is so important to adapt constantly and it is what we do,” he added.
When requested concerning the impact of sanctions on the Russian economic system amid flouting, Mr Michel stated the blockade is efficient.
“We’re absolutely determined it has an impact. It has an effect for sure. There is no doubt there is an effect.”
