EU proposes to ban transfer of dollar banknotes to Russia

  • September 23, 2022
EU proposes to ban transfer of dollar banknotes to Russia

A number of EU countries want to ban the use of liquefied natural gas (LNG) from Russia, transfer dollar bills to Russia, and tighten restrictions on transactions involving cryptocurrency as part of new sanctions, Bloomberg reported, citing sources.

Poland, Ireland and the three Baltic states want the EU to expand energy sanctions from Russia to include a ban on LNG products and restrictions on nuclear energy cooperation, the agency said, citing documents and knowledgeable sources.

These states also want to prohibit the transfer of dollar bills to Russia and tighten restrictions on transactions involving cryptocurrency.

According to the agency, the countries also propose to prohibit legal entities registered in the EU to receive funding from organizations associated with Russia.

In addition, five countries are in favor of banning the company Kaspersky Lab in the EU in the framework of tougher sanctions.

States are also discussing the disconnection of Gazprombank from the Swift system.

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