Automatically translated version. May contain inaccuracies compared to the original.
The new body will unite the European Commission’s work at all stages of the “lifecycle” of economic sanctions against Russia.
The European Commission announced the creation of a Sanctions Office and a Crypto Sanctions Task Force within its work to counter Russia’s evasion of restrictions and to improve coordination among EU member states in this area. This was stated by EC spokesperson Shivonne McGarry at a briefing in Brussels, reported by Ukrinform.
According to her, a high-level meeting with sanctions coordinators from EU states took place, as well as a meeting with representatives of the G7 and several other international partners.
“We announced the creation of a new Sanctions Office at the European Commission. It will bring together the EC’s work at all stages of the lifecycle of economic sanctions,” said the spokesperson.
McGarry explained that this covers the full spectrum of activity: from policy development to communication, practical implementation and countering sanctions evasion. The aim is to provide member states with faster access to methodological guidance, data-sharing mechanisms, and economic and technical analysis.
“In addition, we aim to ensure coherence in the implementation and enforcement of our sanctions, so as to continue to maximize their impact on Russia,” she noted.
Another measure announced the day before was the creation of a Crypto Sanctions Task Force.
“We know that cryptocurrencies are used as a tool to circumvent our sanctions. This area is evolving very rapidly, so the task of this informal working group is to bring together the European Commission’s and the member states’ expert potential. Together we will look for ways to develop measures that will make it impossible to use cryptocurrencies as a means to bypass sanctions,” the spokesperson said.
As a reminder, the European Commission is currently preparing 22 a package of EU sanctions against Russia. At the same time, the date of its presentation has not yet been determined.
As is known, 12 in October, EU foreign ministers approved almost 1600 new sanctions positions aimed at Russia’s military-industrial complex.
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