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Free AccessEstonia Leads Push To Sanction Russian Citizens
The Estonian Ministry of Foreign Affairs has released a statement requesting that the EU "introduce an eighth sanctions package," that expands travel restrictions on Russian citizens.
- The statements says that Estonia decided to make an official proposal to the European Commission to impose the eighth sanctions package against Russia following a cabinet meeting yesterday.
- Foreign Minister Urmas Reinsalu said it is, "crucial to expedite the adoption of the next sanctions package to make the restrictive measures imposed on Russia more severe and efficient."
- Statement: "In the eighth package, Estonia would like to see the expansion of economic, energy and trade sanctions, and additional individuals and entities added to the sanctioned list."
- Cont. "Estonia would also like to see a considerable expansion of sanctions on the travel of Russian citizens."
- Yesterday, Estonia unliterally implemented a travel ban on Russian nationals who hold travel and work visas. According to Bloomberg Estonia has issued 50,000 such visas and Estonia is one of the main entry points into the EU for Russian citizens since the EU stopped flights from Russia.
- The Czech Republic, the rotating president of the EU, said it will hold an informal meeting of European foreign ministers on Aug. 31 to discuss a union-wide ban.
- Czech Foreign Minister Jan Lipavsky said his government approves of a ban: “We are convinced as a government that halting visas for ordinary Russian citizens gives a very clear and straightforward signal to the Russian society.”
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.