EU imposes new economic sanctions against Russia
-
Media Baaji
- Sat, 13 December 2025
Kathmandu. The European Union EU has decided on Friday not to allow the assets of the Russian Central Bank to return to Russia in any way. The move was implemented immediately in view of the ongoing conflict in Ukraine. The statement issued by the association states, "This decision has been made with immediate effect to reduce the negative impact on the economy of the association." According to the decision, the assets of the Russian Central Bank are completely restricted.
It also covers transactions involving any person, organization or entity acting on behalf of or at the direction of a Russian bank. European Council President Antonio Costa wrote on social media, "At the October Council meeting, a commitment was made to protect Russian assets, and Friday's decision fulfills that commitment. Although this step is temporary, the statement states that sanctions will continue if providing financial or other resources to Russia for the war with Ukraine could affect the Union's economy."
According to this decision, property worth about 200,000 million euros will be locked. Of this, about one hundred and ninety thousand million Euros is secured in Euroclear, a financial institution located in Belgium.
Express
Related News
Iran fires 400 missiles at Israel
Kathmandu. Since the start of the ongoing war in the Middle East, Iran has fired more than 400 ballistic missiles at Israel and about 92 percent of them have been neutralized in the air, according to Israel. The Israeli army released the data a da...
4 US Air Force planes flew to Geneva for a peace deal with Iran
Kathmandu. For the special purpose of signing the historic preliminary agreement between the United States and Iran, four huge "C-17" cargo planes of the American Air Force have left for Europe with necessary diplomatic and security materials.
...
2 Nepalis died in Poland in 1 week
One week after the death of 42-year-old Gopal Bahadur Limbu Sherma from Jhapa in Poland, another Nepali has died. 33-year-old Suman Gurung, resident of Madi 11, Upper Saple, Kaski, died on Friday, January 16, due to a heart attack.
Last year...
EU withdraws proposed ban on petrol and diesel cars, strongly criticized by Spain's prime minister
Kathmandu. The European Union has backtracked on its previous decision to ban the sale of new petrol and diesel cars from 2035. The Prime Minister of Spain, Pedro Sanchez, strongly criticized this step and termed it as a historical mistake. Speaki...
Around-the-clock automated machines in Japan in crisis
Kathmandu. The well-known 'vending machine' culture seen in Japan's streets and tourist areas is now facing a serious challenge. The rise in prices around the world has also badly affected this automated retail business in Japan.
These machi...
Trump's security meeting without conclusion, US-Iran peace deal in confusion
Kathmandu. A high-level security meeting called by US President Donald Trump in the Situation Room of the White House to take a "final decision" on a possible peace deal with Iran and the extension of the 60-day ceasefire ended without a conclusio...