KYIV. UkraineGate , 9 , June , 2022 | Political News.
Virtually all Russian businessmen who came under EU sanctions immediately their ownership of related companies and “rewrote” them to fictitious persons who were not affected by the sanctions.
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Virtually all Russian businessmen who came under sanctions immediately terminated their ownership of companies associated with them, resigned from supervisory boards and “rewrote” their assets to fictitious people. In this way, they avoid a policy of sanctions from the West. In fact, businessmen, while remaining under sanctions, continue to work and pay taxes to the Russian budget, ”Pendzin explained.
In general, according to the economist, the sanctions policy is quite selective.
“When we talk about sanctions policy – it is not like a wall, it’s all in the chips, big enough. Look at how package 5 was taken, especially 6. And the situation with the oil embargo, where there is a “big hole” called Hungary. How the ban on the use of cloud services fell out of the sanctions … what the EU’s decision not to give in to Russia and fulfill the gas contract in euros looks like now: direct payments in rubles are already underway today, ”the expert stressed.
Let’s add
Last month, UN Secretary-General Antonio Guterres called for easing sanctions on potash fertilizers from Russia and Belarus. In exchange, he wants Moscow to unblock the possibility of exporting grain from Ukraine through the Black Sea ports.
Yesterday, Turkish Foreign Minister Mevlut Cavusoglu said he supported Russia’s demand to lift some restrictions on agricultural exports in exchange for unblocking Ukrainian ports.
“It is not enough to just say that Russian goods such as grain and fertilizers are not under sanctions. These are the statements we have been hearing lately. We believe that measures should also be taken to allow ships carrying these products to enter ports. get access to logistics services there, such as the possibility of bank payments, “Cavusoglu added.
One of the world’s largest producers of potash fertilizers is the Russian company Uralkali, which is part of the Uralchem concern. In early March, the EU imposed sanctions on Uralkhim’s CEO and the company’s main shareholder, Russian oligarch Dmitry Mazepin. The next day, he reduced his stake in the group below 50% and resigned as CEO .
Therefore, the company (both UralKhim and Uralkali) did not de facto fall under EU sanctions.
Nevertheless, due to logistics problems, exports of these companies decreased significantly: Uralkali – 77% by March, and Uralchem - by 48%.
In general, potassium supplies from Russia and Belarus to foreign markets in the first quarter of 2022 fell by 20% compared to the same period last year. Such estimates are given in its quarterly report by the Canadian fertilizer company Nutrien .
As for Belarus, the EU imposed a ban on the supply and transit of some of Belaruskali’s products last year.
Earlier this year, Lithuanian Railways stopped transporting potash fertilizers from Belarus for delivery to third countries.
It later became known that the transportation of fertilizers was also suspended to Ukrainian seaports for both Russia and Belarus.
Source: Ukrgate