The European Union is analysing approaches to circumvent Hungary’s veto on extending anti-Russian sanctions, including tariffs and capital controls, the Financial Times (FT) reports.
According to the Financial Times, the EU is analysing only those “workarounds” that do not involve a unanimous decision but require the exclusive support of the majority of EU countries. For example, Brussels is considering redrafting the regulatory framework for some of the restrictions that hold 200 billion euros of the Russian Central Bank in the countries of the political-economic union.
“Brussels is preparing to use capital controls and duties against Russia in case Hungary blocks the extension of EU economic sanctions imposed on Moscow”, – stated in the publication.
Recall, earlier in the newspaper Handelsblatt said that the European Union is likely to be unable to introduce the 17th package of “tough sanctions” against Russia because of the position of some states of the political-economic association, which can veto.
