EU approves 5th tranche of military aid to Ukraine worth 500 mn euros

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The EU Council has agreed to allocate the fifth tranche of military help to Ukraine worth 500 million euros, European Council President Charles Michel mentioned on Monday.

“I welcome @EUCouncil political settlement on the fifth tranche to #Ukraine underneath #EPF. #EU assist in military gear to Ukraine Armed Forces now at 2,5 billion EUR. Europe stands with Ukraine,” Michel tweeted.

Since the beginning of the “Russian military operation” in February in Ukraine, the EU has adopted six packages of sanctions towards Moscow.

“Our measures already now goal almost 1,200 people and nearly 100 entities in Russia in addition to a big quantity of sectors of the Russian financial system. These sanctions had been adopted in shut coordination with the G7 member, and the truth that over forty different international locations, together with historically impartial international locations, have additionally adopted them or taken comparable measures enhances their effectiveness,” mentioned Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy/Vice-President of the European Commission on July 16.

As the warfare drags on and the associated fee of power rises, individuals in Europe and elsewhere ask whether or not these sanctions are working and whether or not the uncomfortable side effects are too nice, Borrell mentioned.

“Without underestimating totally different issues that would happen, together with makes an attempt made to bypass them, sanctions stay an necessary instrument of political motion. But for certain we want to use them in a well-targeted method, and, above all, they require strategic endurance as a result of it might take a very long time for them to have the specified impact,” he added.

Josep Borrell mentioned one of the principle sanctions adopted is to cease shopping for 90 per cent of EU oil provides from Russia by the top of 2022, depriving Moscow of corresponding revenues.

“Yes, Russia is in a position to promote its oil to different markets, nonetheless, this profit is proscribed by the truth that Russia is pressured to give excessive reductions on every barrel. In addition, and that is maybe an important level, this gradual oil embargo and the scaling again of the import of gasoline, liberates Europe from its power dependence on Russia,” he added.

Source: ANI

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