Gas definitely off EU's seventh sanctions package against Russia as member states struggle to substitute

14 July, 10:47 AM
Russian President Vladimir Putin has effectively weaponized gas supplies as an instrument to blackmail Europe (Photo:NV collage)

Russian President Vladimir Putin has effectively weaponized gas supplies as an instrument to blackmail Europe (Photo:NV collage)

There is "no chance" that gas supply restrictions will be included in the seventh package of EU sanctions against Russia, Czech Prime Minister Petr Fiala told Reuters on July 14.

"A seventh package is being prepared, and I think it is a good course," the politician said.

“What is definitely problematic is to include energy into the sanctions, because a rule must be observed that the sanctions must have a greater impact on Russia than on the countries imposing the sanctions.”

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He emphasized that the new sanctions package will include an embargo on the import of gold from Russia, an expansion of the list of dual-use goods prohibited for export to Russia, and an increase in the number of Russian individuals subject to sanctions.

Fiala said that the European Commission should present the package in the coming days, after which EU member states can immediately approve it.

Moscow receives $1 billion every day for the export of energy products, and within 100 days of the start of the full-scale invasion, the aggressor state earned $93 billion.

The world is making a collective effort to limit these excess profits — the US banned the import of Russian oil, coal, and liquefied natural gas, while the EU imposed an embargo on coal, a partial embargo on oil, and agreed to focus its efforts on overcoming dependence on Russian energy sources within the bloc.

However, Russian energy companies continue to make money that in turn funds the war in Ukraine.

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