EU economic sanctions ramp up NATO war plan on Russia

The European Union announced its 20th round of economic sanctions against Russia this week. The bloc of 27 nations began imposing sanctions on Moscow when the conflict in Ukraine erupted in February 2022. Every six months, the EU has been extending these economic measures, which Brussels claims is support for Ukraine to “deter Russian aggression.”

The 20th round of sanctions unveiled this week attempts to go much further in inflicting damage on the Russian economy. It was flagged as the biggeset package yet and a “multi-layered targeting of key sectors” of the Russian economy, primarily its energy industry.

TRUTH LIVES on athttps://sgtreport.tv/

It is tempting to dismiss the EU sanctions policy as feeble and a form of insanity. The bloc keeps repeating an action expecting a different result each time, when the record shows that the action of sanctions is having little detrimental impact on Russia. If anything, it is the EU that has suffered an economic downturn as it unilaterally cut itself off from Russian oil and gas, the traditional source of affordable energy feedstock for European industries. Russia’s economy has not crashed as was anticipated when the sanctions were first imposed more than four years ago. In fact, the Russian Federation has maintained a robust economic performance as it finds alternative markets in Asia for its oil and gas products. The soaring price for a barrel of crude due to the reckless U.S.-Israeli aggression on Iran has given Russia a further boost.

However, it would be a mistake to simply brush off the EU sanctions as futile and self-defeating.

There is a more blatant and sinister aspect to the new round of sanctions. Brussels is nakedly showing its war agenda. The new measures aim to restrict all sectors of Russian energy production, including “exploration, extraction, refining and transportation.” The EU is endeavoring to tighten restrictions on “third countries” to prevent Russia from circumventing existing embargoes on shipping, port access and trade. Whether these new measures achieve their objective of “crippling the Russian economy” is debatable. But it is the belligerent intention – stated now with more determination – that is significant. The EU is brazenly laying out a plan to strangle Russia in conjunction with upping the military threat.

It is the accompanying developments that are ominous and which give full meaning to the economic measures.

This week the EU hailed that its €90 billion ($105 bn) loan to Ukraine had finally been approved. That financial aid was blocked by Hungary since December. But with the recent election loss for Viktor Orbán’s government, Budapest’s veto has been lifted under the new prime minister, Péter Magyar. EU leaders were ecstatic that the financial transfer to Ukraine can now go ahead.

Two-thirds of the EU loan – some €60 bn – is reportedly allocated for military aid. Ursula von der Leyen, the European Commission president, said that the first tranche worth €45 bn will be transferred to Ukraine within weeks and that it would be used to increase the production of aerial combat drones. “Drones from Ukraine for Ukraine,” she said by way of trying to give the impression that the EU is not a party to the war.