Beautiful Virgin Islands

Monday, Oct 06, 2025

0:00
0:00

Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP

The EU sanctions on Russia over Ukraine have completely failed to punish the country, Belgian MEP Guy Verhofstadt has said
Despite the bloc’s attempts to punish Russia, imports from the country have soared, Guy Verhofstadt says

The EU’s sanctions on Russia over the Ukraine conflict have been a complete failure, Belgian MEP Guy Verhofstadt said on Monday. He added that the EU was only “rewarding” Russia by increasing imports from the country.

Writing on Twitter, Verhofstadt, who served as Belgian prime minister from 1999 to 2008 and has been an MEP since 2009, claimed that the effect of the EU’s nine sanctions packages on Moscow “is less than 0.”

The former PM said that the bloc’s attempts to punish Russia have achieved the opposite result. “We are rewarding Russia for its war against us!”

Verhofstadt also posted a chart titled ‘Still Filling Putin’s Coffers’, showing Russia-EU trade from February to August 2022. The graphic, which cites Eurostat data, shows that most EU member states, including Germany, France, Italy, and Poland, significantly increased imports from Russia. In total, only seven EU members have bought less from the country.

Following the start of Russia’s military operation in Ukraine, the EU imposed unprecedented sanctions on Moscow, targeting entire sectors of the economy. In December, the bloc, along with the G7 countries and Australia, introduced a price cap on Russian seaborne oil, set at $60 per barrel. In response, last week, President Vladimir Putin signed a decree banning the supply of oil and petroleum products from Russia to countries which apply these restrictions.

The sanctions on Russia have exacerbated the bloc’s energy crisis, causing fuel prices and the cost of living to soar. This has prompted protests against the sanctions policy in several EU countries. In December, a demonstration organized by the right-wing Patriots party took place in Paris against the government’s stance on Russia and France’s membership in NATO.

In his New Year’s address, Putin claimed that the West’s “full-blown sanctions war” against Moscow has largely failed to undermine the Russian economy.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
×