The Norwegian government on Tuesday announced new sanctions against Russia and its president, Vladimir Putin, in retaliation for the invasion of Ukraine and in tune with the latest battery of restrictions adopted by the European Union on February 25, 2023, the first anniversary of the war.
With these latest sanctions, there are now 1,678 Russian individuals and legal entities sanctioned by the authorities of the Nordic country after adding the 87 individuals and 34 legal entities announced on Tuesday.
It is essential that we keep up the pressure on the Russian government and its allies. The sanctions are having an impact on the Russian economy and are preventing key resources from reaching the Russian war industry,» stressed Norwegian Foreign Minister Anniken Huitfeldt.
»Norway stands united with the rest of Europe and has aligned itself with all EU sanctions packages. We stand in solidarity with the people of Ukraine and fully support their struggle for freedom,» the foreign chief has emphasized.
Some of these sanctions include limiting the price of oil and its derivatives, as well as banning its import, which »is hitting the Russian economy hard. In February, oil revenues fell by 46 percent, according to the Foreign Ministry.
»The sanctions are increasingly comprehensive and represent a strong and clear European response to Russia’s war of aggression in Ukraine. Opportunities to engage in business with Russia have been significantly reduced and carry a high risk,» Huitfeldt explained.
Source: (EUROPA PRESS)
