Norway sanctioned Russia and dropped RT and Sputnik ban Sanctions will have 'far-reaching consequences' for Norwegian businesses in the eastern Finnmark region bordering Russia, Norwegian Foreign Ministry says
Norway has joined part of the sanctions against Russia introduced by the European Union. These are three packages of restrictive measures approved by the EU before March 9, the Norwegian Foreign Ministry said in a statement.
“Today, the largest package of sanctions ever imposed by Norway was included by the government in Norwegian legislation. Sanctions— this is a response to Russia's illegal attack on Ukraine, as well as an expression of Norway's solidarity with the Ukrainian people,»,— said Norwegian Foreign Minister Anniken Huitfeldt.
She explained that the fourth package of restrictive measures introduced by the EU on March 15 is now under consideration by the Norwegian authorities. Norway did not include in the sanctions package a ban on RT broadcasting and the operation of the Sputnik agency, since these measures raise “fundamental questions” that take time to assess. Previously, RT broadcasts and Sputnik were banned in the EU.
The Norwegian sanctions target the financial, energy, transport, technology and defense sectors of Russia, and also provide for restrictive measures against “hundreds” of individuals and businesses, the Norwegian Foreign Ministry said in a statement, emphasizing that violation of restrictive measures is a criminal offense.
Trade restrictions will have “far-reaching consequences” for some Norwegian enterprises, in particular those operating in the eastern part of the Finnmark region (borders with Russia.— RBC), according to the Norwegian Foreign Ministry. The authorities are now taking steps to mitigate the consequences of sanctions in order to save jobs, the report said.
The European Union, along with the United States and other Western countries, has already imposed several packages of sanctions against Russia due to a special operation in Ukraine. The restrictive measures affected the assets and reserves of the Central Bank, operations with the Russian public debt, the export of technological products, including those for the aviation and space sectors, as well as the maintenance and insurance of products related to these industries. The EU also closed its airspace to all Russian aircraft and imposed sanctions against a number of large businessmen, top managers of companies, officials and deputies.
Russia retaliated by imposing controls on the sale of proceeds by exporters, banning foreign currency lending to non-residents and crediting Russian money for foreign accounts. In addition, the Federal Air Transport Agency closed the sky for aircraft flights from 36 countries, including all EU states.
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