EU Prepares to Lift Sanctions on Russian Banks linked to Food Exports

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According to a document, the EU is planning to make exceptions in its sanctions against Moscow that would release assets at Russian banks linked to food and fertilizer exports, AFP reported.

On the condition of anonymity, an EU diplomat told AFP that member nations “want to make it abundantly clear that there is nothing in the sanctions that is slowing the transport of grain out of Russia or Ukraine.”

The proposal from the EU is a part of the most recent sanctions update being debated by member states of the bloc.

It will need unanimous agreement to go into effect.


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