EU is preparing new sanctions aimed at

The European Union flags fall near the EU Commission Headquarters in Brussels, Belgium, February 1, 2023

Yves Herman | Reuters

London – European countries are preparing new sanctions on Russia, despite a potential direct meeting on peace talks between Kremlin leader Vladimir Putin and Ukrainian President Volodzimir Zelensky on Thursday, CNBC said three sources.

Ambassadors from 27 EU Member States must meet on Wednesday to discuss what can become 17you A package of measures against the Russian economy since its full -scale invasion of Ukraine, sources said.

The package includes sanctions on a broader list of vessels that make up the Russian shadow fleet, which transports Moscow oil barrels – historically the basis of Russia’s income – as well as for people and companies that are considered the support of the Kremlin war in Ukraine. Measures can still be changed in the coming days.

European foreign ministers are expected to evaluate new sanctions next week, sources note.

One EU official, who did not want him to be called from the sensitivity of the discussions, said CNBC that as of Monday, in four countries, reserves were still “studied” in the list of measures -that is, they are still discussing sanctions with their internal administrations.

The same EU official said, “Although Hungary is always a species, it seems largely made a deal.”

CNBC turned to the Kremlin for comments.

Hungarian coffee on the potential for further EU sanctions on Russia

Speaking in front of CNBC on On Tuesday, Hungary’s press, Zoltan Kavak, confirmed the general opinion in Budapest that “sanctions do not work”.

However he gave sign that up to 17you The sanctions package does not include measures that will affect Hungary’s energy sources in Budapest will probably not have any problems that approve it.

“We always stuck with their European counterparts,” he said.

Hungary often criticized EU measures against Russia, but still approved all sanctions.

EU sanctions must be unanimously approved according to the block policy. Hungarian Prime Minister Victor Orban close ties with Moscow, unlike most EU states.

Separately, Financial Times reports that the EU is preparing ways to overcome a potential veto, now or later, from Hungary for new measures to Russia. One of the potential steps would be to move most of the sanctions, including 200 billion euros (222 billion) to frozen Russian state assets, to another legal basis.

The European Commission, the EU executive hand, said CNBC on Tuesday that it would not comment on this report.

EU chief diplomat Kaj Kalas, who is reportedly talking to the EU about new sanctions on Russia, told reporters that BLOC has an alternative when Hungary decides to use its veto of power, Kyiv Independent reports.

The second EU official, who also did not want to call it from the sensitivity of this topic, confirmed the CNBC on Tuesday that discussions were conducted among the member states “for a while” on how to protect frozen Russian assets in the framework of broader measures against Moscow. The EU uses revenues from these assets to financial support for Ukraine.

The third source, which also decided to remain unknown, said CNBC that the European Commission was considering overcoming potential vetoes from Hungary. The same official said it was unlikely that Hungary would oppose the 17th package of sanctions.

Meeting with Zelenskyy-Putin

The first EU official cited above confirmed CNBC that work on the 17th package of sanctions is going on regardless of potential negotiations between Putin and Zelensky at the end of this week.

The President of the Ukrainian called on his Russian counterpart to meet in Istanbul on Thursday, on Monday, White House leader Donald Trump, who tried to throw peace between the peoples of the warring people, saying he could also be present.

European Commission press -secretary Paul Pinho said on Tuesday that the EU was considering further possible sanctions outside the last package if Russia disagrees and holds the ceasefire.

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