Former Lithuanian Foreign Minister considers EU sanctions against Russia unproductive

Linas Linkevičius

EU sanctions measures against RUSSIA are unproductive - the same will be the new seventh package of restrictions, former Lithuanian Foreign Minister Linas Linkevičius wrote on Twitter.

“The seventh package of sanctions is being prepared. Who cares? The EU has now sent exponentially more money to Russia to buy oil, gas and coal than it has sent to Ukraine in aid,” he said.

Linkevičius pointed out that oil prices are rising and the ruble is strengthening.

The President of Lithuania called for a policy of "no illusions" towards Russia Politics

Earlier, on July 11, BLOOMBERG, citing sources, said that the EU could introduce the seventh package of sanctions against Russia in the coming weeks.

According to the agency's sources, the EU countries continue to discuss the mechanism for limiting prices for Russian oil, but this decision is unlikely to be made in the near future. Some countries are pushing for sanctions that would affect Russian gas, but most do not support this.

The European Union has imposed six rounds of sanctions against Russia since the end of February. The restrictions affected various sectors of the Russian economy, large banks and companies, including Sberbank, VTB, Gazprom, Rostelecom, Russian Railways, government officials and businessmen.

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The fact that the EU is preparing the seventh round of sanctions, the Polish Foreign Ministry announced in early June. According to Bloomberg and REUTERS, they will affect Russian gold.

Russia considers restrictive measures illegal. President Vladimir Putin called these measures "crazy and thoughtless", called the sanctions an "economic blitzkrieg" that failed.