EU considers complete trade embargo on Russia amid tension
The European Union is contemplating a full trade embargo on Russia. This move is a response to President Putin's refusal to negotiate in Istanbul. A meeting on this issue is scheduled to take place in Tirana.
As Politico reported, during the European Political Community meeting in Tirana, EU members will deliberate on the possibility of a complete trade embargo on Russia.
This measure is seen as a method to put pressure on Moscow. Representatives from the 27 EU countries and nations from the Western Balkans, Norway, Switzerland, Iceland, Liechtenstein, the United Kingdom, and Ukraine will attend the meeting.
One crucial topic of discussion will be the introduction of tariffs and restrictions on Russian exports. A complete trade embargo is a potential tool for exerting pressure on Russia.
The decision to escalate sanctions is linked to Russian President Vladimir Putin's refusal to attend the May 16 negotiations in Istanbul.
The meeting in Tirana aims to discuss strategies concerning Russia in light of its actions on the international stage. Implementing a full trade embargo could profoundly affect economic relations between the EU and Russia, a topic of vigorous debate among European leaders.
