Medvedev warned about the consequences of the “100500” package of EU sanctions

The Deputy Chairman of the Security Council believes that European citizens and businesses are the first to suffer from the restrictions. He criticized the measures under the sixth package of Brussels sanctions as ineffective and detrimental to the EU itself .jpg” alt=”Medvedev warned about the consequences of the '100500' EU sanctions packages” />

Dmitry Medvedev

The goal of the next package of EU sanctions— not Russia, but “the fire of the world revolution in the economy,” said Dmitry Medvedev, deputy chairman of the Security Council, on Telegram. You can also introduce “new, as they like to say now, 100500th package of sanctions”, but the economic situation in the EU already shows that “something went wrong”, the politician believes.

The EU approved the sixth package of sanctions against Moscow on June 3. It included a gradual rejection of Russian oil supplied by sea. Medvedev criticized the phased embargo, suggesting that now “Europeans will have to scour the world for raw materials of the same quality” as in Russia. According to his forecasts, there will be a shortage in Europe, for example, of diesel fuel needed for trucks and agricultural machinery. As a result, the EU will look for gray schemes to receive Russian oil products and pay for them, “bypassing its own idiotic sanctions,” Medvedev is convinced. He warned of the “club of the people's war” that would “warm” officials of these countries: truckers are already on strike in Italy, recalled the deputy head of the Security Council.

“Tried to pack another pig in a bag” ban on insurance of tankers with Russian oil to complicate deliveries to third countries,— he added.— Europe is not at all interested in how this measure will affect our [European] partners.” Medvedev noted that the issue of insurance can be resolved with the help of state guarantees under interstate agreements with third countries.

Another measure within the sixth package— sanctions against the National Settlement Depository (NSD)— deal a “crushing blow” in the investment field, the politician writes.

NSD — the central depository in the Russian stock market, it is engaged in servicing securities and providing clearing services. After the US decision to ban settlements on Russia's foreign debt, Citibank refused to act as a paying agent for its dollar issues, and the Ministry of Finance transferred them to NSD.

After the sanctions, the depository declared an emergency situation and suspended banking transactions in euros.

“What will happen after all? Russia will not be paid, Russia will not return, although we have all the possibilities for this,— writes Medvedev.— As a result, no one will receive anything— either here or abroad. Investments have turned to dust».

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The EU also decided to disconnect Sberbank, Moscow Credit Bank and Russian Agricultural Bank from the SWIFT system. “Banks continue to operate normally, domestic Russian operations do not depend on SWIFT and are carried out in the standard mode,” — Deputy Chairman of the Security Council commented on the measure.

Other restrictions imposed by Brussels included the suspension of broadcasting of three Russian state television channels (Rossiya RTR/Planeta RTR, Rossiya 24 and International TV Center), a ban on provision of accounting and consulting services and cloud services to Russia and new sanctions against individuals and legal entities.

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Dmitry Medvedev

politician, ex-president, deputy head of the Security Council of Russia

September 14, 1965


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