Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
EU talks up Russia sanctions but consensus may prove elusive
European Union Foreign Policy Chief Josep Borrell speaks during a press conference, Wednesday, September 21, 2022, at UN headquarters. (AP Photo/Julia Nikhinson)
Latest News
September 22, 2022

EU talks up Russia sanctions but consensus may prove elusive

BRUSSELS (AP) — The European Union appears determined to respond to new Russian attempts to annex parts of Ukraine with more sanctions, but finding a consensus among member countries is becoming increasingly difficult as measures meant to punish Moscow bite into their own economies.

The 27-nation bloc has imposed six rounds of sanctions on Russia since President Vladimir Putin ordered his forces into Ukraine on February 24 Banks, companies and markets have been hit — even parts of the sensitive energy sector — and more than 1,200 officials been targeted with asset freezes and travel bans.

What could have taken years to agree on in the past was achieved in just over three months — relative light speed for the EU. But European economies already battered by the COVID-19 pandemic are now fighting high inflation, with skyrocketing electricity and natural gas prices.

The spur for the EU to act again was the announcement that Russian-controlled regions in eastern and southern Ukraine plan to hold referendums on becoming part of Russia. This could allow Moscow to escalate the war, especially after Putin’s decision to call up 300,000 military reservists.

EU foreign policy chief Josep Borrell said Wednesday that “Russia, its political leadership, and all those involved in organising these ‘referenda’ as well as in other violations of international law and international humanitarian law in Ukraine will be held accountable.”

“Additional restrictive measures against Russia will be brought forward as soon as possible in coordination with our partners,” he said in a statement after chairing an emergency meeting of EU foreign ministers on the sidelines of the UN General Assembly in New York.

But political declarations by officials based in Brussels are the easy part. Agreeing on new measures has proven exceedingly difficult. Energy interests are notably hard to overcome. Hungary has led resistance to sanctions that might hit its supplies from Russia, but it isn’t alone in hesitating.

The last round of sanctions was announced on May 4, but only agreed on four weeks later, as concerns over oil divided member countries. Rather than a new set of sanctions, a “maintenance and alignment” package was sealed in July, mostly to close loopholes on measures already agreed upon.

That said, the mayor of Moscow was one of 54 more people whose assets were frozen and Sberbank — a major Russian financial institution — was also targeted.

Meanwhile, technical work on a seventh package has quietly continued.

Pressed by reporters in New York for details about what might be coming, Borrell said the sanctions would target “new areas of the Russian economy, especially — if I can be a little more concrete — the technological ones.”

“I am sure that we will be able to find a unanimous agreement for the new sanctions package,” he said.

Ursula von der Leyen, who heads the EU’s executive branch — the European Commission — which has been responsible for drawing up most of the sanctions, also appeared resolute, but she was hardly more forthcoming.

“We stand ready to impose further economic costs on Russia and on individuals and entities inside and outside of Russia who support (the war), politically or economically. Plus we will propose additional export controls on civilian technology as Russia moves to a full war economy,” she told CNN.

The European Commission should propose the new measures in coming days, but what is ultimately agreed on is likely to be less ambitious. New sanctions may only come after much debate and hand-wringing among the 27 EU member countries in coming weeks; probably only after the referendums have been held.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Trump vows to hit back ‘hard’ after first exchange of fire with Iran in weeks
International News, Latest News
Trump vows to hit back ‘hard’ after first exchange of fire with Iran in weeks
August 31, 2026
TEHRAN, Iran (AFP)—United States (US) President Donald Trump threatened to hit Iran "hard" after the two foes traded fire for the first time in over a...
{"jamaica-observer":"Jamaica Observer"}
Shein valued at $26.3 billion in Hong Kong market debut
International News, Latest News
Shein valued at $26.3 billion in Hong Kong market debut
August 31, 2026
HONG KONG, China (AFP)—Fast-fashion giant Shein raised $1.7 billion in its long-awaited Hong Kong initial public offering, valuing the online retailer...
{"jamaica-observer":"Jamaica Observer"}
Stakeholders advance plans for renewal initiative in New Kingston
Latest News, News
Stakeholders advance plans for renewal initiative in New Kingston
August 31, 2026
KINGSTON, Jamaica — The New Kingston Business District Renewal Initiative is moving into implementation, with public and private-sector stakeholders a...
{"jamaica-observer":"Jamaica Observer"}
The Social House bets big on short-form drama ‘The Domino Effect’
Entertainment, Latest News
The Social House bets big on short-form drama ‘The Domino Effect’
August 31, 2026
KINGSTON, Jamaica — Six prominent digital creators have stepped into a scripted mystery with the release of T he Domino Effect , a Jamaican suspense w...
{"jamaica-observer":"Jamaica Observer"}
Liverpool sign Barcola from PSG for reported £124 million
International News, Latest News
Liverpool sign Barcola from PSG for reported £124 million
August 31, 2026
LONDON, United Kingdom (AFP)—France winger Bradley Barcola has become Liverpool's second-most expensive signing after joining the Premier League giant...
{"jamaica-observer":"Jamaica Observer"}
Mayberry invests in the next generation at UTech Orientation Week 2026
Latest News, News
Mayberry invests in the next generation at UTech Orientation Week 2026
August 31, 2026
KINGSTON, Jamaica — Mayberry Investments Limited recently joined the University of Technology, Jamaica (UTech) for its “Week of Welcome” Orientation W...
{"jamaica-observer":"Jamaica Observer"}
Man City sign Palmeiras winger Allan on five-year deal
International News, Latest News
Man City sign Palmeiras winger Allan on five-year deal
August 31, 2026
LONDON, United Kingdom (AFP)—Brazilian winger Allan has joined Manchester City on a five-year deal from Palmeiras for a reported fee of £34 million ($...
{"jamaica-observer":"Jamaica Observer"}
Wisynco takes over JPL title sponsorship with $300 million five-year deal
Latest News, Sports
Wisynco takes over JPL title sponsorship with $300 million five-year deal
August 31, 2026
KINGSTON, Jamaica — The Jamaica Premier League (JPL) is entering a new era, with Wisynco Group replacing Wray & Nephew as title sponsor in a deal wort...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct