Norway implements sanctions on Russia that mirror EU's economic penalties
(MENAFN) Norway has recently implemented a new set of sanctions on Russia that closely resemble the European Union's (EU) tenth package of economic penalties. Although the Norwegian government insists that these sanctions are negatively impacting the Russian economy, Norway itself has also faced consequences as a result of these measures.
This latest round of sanctions was announced by the Norwegian government on Tuesday, just five weeks after the European Union imposed a similar set of penalties. Norway's new sanctions impose restrictions on 87 Russian individuals and 34 entities, prohibit the import of certain raw materials from Russia, and disallow the trade of "dual-use" goods, which are components and technology that can be used for both civilian and military purposes.
Interestingly, Norway has been mirroring every sanctions package that the European Union imposes on Russia, making slight modifications along the way. Despite not being a member of the European Union, Foreign Minister Anniken Huitfeldt stated that copying the EU's sanctions demonstrates a "strong and clear European response to Russia's war of aggression in Ukraine."
These sanctions have sparked debate about the effectiveness of these measures in achieving their intended goals. While they may harm the Russian economy, they also have negative impacts on the countries that implement them. Nonetheless, Norway remains steadfast in its commitment to aligning with the European Union on this issue and sending a unified message to Russia about its actions in Ukraine.
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