Photo: PixabayEuropean Union officials are finalizing the "final details" of the proposed 12th package of sanctions against Russia, which will also include a ban on diamond trade
Since the Russian invasion of Ukraine in February 2022, the EU has already implemented 11 sanctions packages against Russia to reduce the Kremlin's ability to finance the war. The measures cover various sectors and around 1800 individuals and entities.
"The twelfth package will include new export bans, including diamonds, actions to tighten the oil price ceiling and the fight against sanctions circumvention," said the EU's high representative for foreign policy and security, Josep Borrell, as reported by Radio Free Europe (RSE).
Serbian companies circumvent sanctions
Research by RFE/RL has shown that some Serbian companies are making millions in profit by bypassing Western sanctions against Russia, that the most modern technological products reach Russian customers via paper in Serbian forms.
In some cases, it was the goods of the largest American manufacturers of microelectronic computer parts such as "INTEL" or "AMD".
Some Serbian companies also appear as exporters of parts for the aviation industry to Russia. It is about goods that have been under strict sanctions since the beginning of the aggression against Ukraine, writes the RSE portal.
RFE/RL's data also show that part of the goods produced in the West were re-exported to Russia from the countries of East Asia through the paper of Serbian companies.
Because of this practice, goods whose import is prevented by EU and US sanctions can reach Russia.
The reaction of the American authorities allegations of violation of Russian sanctions by Serbian companies will be preceded by a thorough and serious investigation by the part of the American administration in charge of implementing punitive measures, said retired American diplomat Daniel Fried.
JH/RSE
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Databases show that products worth at least 71,1 million dollars were delivered to Russia through Serbian companies, although they are goods that have been placed on the list of "high-risk products" and are under sanctions by the European Union and the United States of America. introduced to Russia, reports Radio Free Europe
According to a recently published research, several Serbian companies export to Russia goods and goods of so-called dual use, that is, which can also be used in the military industry.
