Le Monde announced the exhaustion of the EU sanctions against Russia

Europe has reached the limit on sanctions, the seventh package was an adjustment and clarification of earlier decisions, an unnamed diplomat said. According to him, individual countries want to increase sanctions, but the discussion will lead to disagreements jpg” alt=”Le Monde announced the exhaustion of the EU's sanctions against Russia” />

The last, seventh package of EU sanctions against Russia is mainly a correction of the already introduced restrictions and an increase in their effectiveness, European countries are close to exhaustion opportunities in the sanctions policy, writes Le Monde, citing a source in diplomatic circles.

“We've come to the end of what we could do,” — said the diplomat.

According to him, the countries— EU members do not intend to voluntarily deprive themselves of Russian gas supplies. Despite the fact that Poland and the Baltic countries are in favor of such a step, they do not want to bring it up for discussion, since then disagreements within the EU would become obvious, an unnamed interlocutor of the publication said.

We are talking about the sanctions package that the European Union adopted in the middle of last week— 21 July. It provided for a ban on “direct and indirect imports, purchases or transfers of gold, which is the most significant Russian export after energy resources”, the entry of Russian-flagged ships into sea locks (for example, in Rotterdam and Amsterdam), and also introduced restrictive measures against 48 people. Among them: Moscow Mayor Sergei Sobyanin, actors Vladimir Mashkov and Sergei Bezrukov, Deputy Prime Minister Andrei Belousov.

After that, the Russian Foreign Ministry announced the connection between the sanctions and the increase in prices for hydrocarbons and agro-industrial products. Ministry spokeswoman Maria Zakharova considered that “the consequences of the EU sanctions exercises” will be detrimental to a number of segments of the global economy and security.

The European Union, however, is confident in the effectiveness of sanctions, and this will become apparent in the medium and long term, said the head of European diplomacy, Josep Borrell. The European Commission emphasized that international sanctions undermine the Russian economy, and the country's default is only a “matter of time”.

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At the same time, both in Russia and in the West, statements have been made more than once about the reached limit of possibilities for sanctions against official Moscow. In particular, Borrell expressed this opinion in mid-March. He said: “With regard to financial sanctions, of course, you can always go further, but we have already reached the limits of what we can do. We did everything we could.”

In early June, State Duma Speaker Vyacheslav Volodin announced that “the arsenal of means to curb the development of our country” had been exhausted. He claimed this after the adoption of the sixth package of sanctions against Russia by the European Union, in which the oil embargo was approved.

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