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.
Related News
Han Seong-suk appointed Prime Minister by the President of South Korea
Kathmandu. South Korean President Lee Jae-myung has appointed Han Seong-suk as Prime Minister, Presidential Spokesperson Kang Yoo-jung announced on Wednesday. The appointment is said to be effective from July 1. With this, Han Lee became the secon...
14-point agreement between US and Iran
Kathmandu. The United States and Iran have agreed on a 14-point memorandum of understanding for ending bilateral tensions, re-opening the Hormuz Strait, and a final deal on the nuclear program and economic sanctions. According to international med...
IMF warns that economic growth may fall below 2 percent if Iran war prolongs
Kathmandu. The International Monetary Fund (IMF) has warned that if the Iran war continues for a long time and energy prices continue to rise, the world economy could be pushed into recession. According to the IMF's "World Economic Outlook" report...
US-Iran Talks on Islamabad: High-Level Efforts for Permanent Ceasefire
Kathmandu. High-level talks between the United States and Iran have begun in Pakistan's capital Islamabad for a permanent ceasefire and peace amid the long-standing war and tensions. After a two-week temporary ceasefire, representatives of both si...
Plane skids off runway in Hong Kong and crashes into sea, two dead
Kathmandu. A cargo plane skidded off the runway at Hong Kong International Airport and fell into the sea. Two people died when Emirates Flight EK 9788 crashed, the BBC reported. Both the deceased are not in the plane, but the ground staff of the a...
A plane carrying patients in the US crashes into the sea, all suspected to be dead
Kathmandu. All six people on board a medical transport plane that disappeared off the coast of Massachusetts in the US are suspected to be dead. The plane, callsign Heartbeat 104, went missing on Saturday en route from Bermuda to Boston.
How...