European withdrawal from some Russian sanctions

According to the report of the International Economic Group of Fars News Agency, citing Reuters, reports indicate that the European Union wants to release part of the Russian assets that were blocked due to the sanctions.

According to the published information, the European Union wants to release the financial assets of several large Russian banks, including VTV, Russia Bank, Utcrit Bank, in order to facilitate the process of transactions related to food and agricultural exchanges in addition to fertilizer.

The European Union also wants to facilitate the export of food and agriculture from Russian ports because these types of activities were stopped in Russian ports due to sanctions.

At the same time, the European Union plans to intensify the regime of sanctions against the Russian Sberbank and completely block the assets of this bank in Western countries and stop most of the financial transactions of this bank.

A well-informed source in Brussels said: Blacklisting Sberbank of Russia will freeze all its assets in the West and stop all its financial transactions, except for transactions related to food and agricultural products, along with fertilizer.

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