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Midday press briefing from 24/07/2026

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TRADE - China: Q&A

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WAR IN UKRAINE / INTERNAL MARKET - EU Sanctions against Russia / Export of Irish alumina to Russia: Q&A

Midday press briefing from 24/07/2026

WAR IN UKRAINE / INTERNAL MARKET - 21st package of sanctions against Russia / Kulevi oil terminal, in Georgia: Q&A

Midday press briefing from 24/07/2026

WAR IN UKRAINE - 21st package of sanctions against Russia / Exemptions / Greece: Q&A

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SECURITY POLICY - Drone incidents in Romania: Q&A

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INTERNATIONAL LAW - International Criminal Court (ICC): Q&A

Midday press briefing from 24/07/2026

Show transcript

Once again, Euroscope Georgia, we saw yesterday on this,

last section's package, twice mentioning of Georgia.

Firstly, it was interesting about Kevy, and, it's mentioned that,

in that framework the EU is imposing a transaction ban entering into. Force in 6 months.

So can you explain to us what does it mean?

And does it mean that Georgian Dream is not fulfilling the criteria which we previously saw in a letter from David O'Sullivan and the next issue there was about crypto-related service platforms that.

To one of them or maybe more than one from Georgia, can you tell us, is this, platform the same which already was banned in the UK,

and can you tell us, for example, how many from these 14 are Georgian,

operating in Georgia and the names of them? Thank you. Thanks, Tamara, for the question.

So, on your first question, I think you forgot to mention that it was Kulevy you were asking about.

So, on KULevy, indeed, we have proposed in the sanctions package to list KULevy.

As you know, we have been in ongoing discussions with,

the refinery's owners who have committed to diversifying away from Russian oil.

And we would like to see those commitments honored.

So that's why we have permitted this 6 month delay to allow the owners to diversify away from Russian oil.

And if the Commission assesses that those commitments have been honored, then they will no longer be listed.

And if not, then we will propose to the Council that the listing indeed be maintained.

So that's a little bit where we stand on Kevy. To your question on crypto.

I don't have the figures to, to hand on the number of Georgian cryptocurrencies,

that have been listed in this package, as you've mentioned from our press material.

There have been 14 overall, a number of which are Georgian.

But I can happily check that after midday, the numbers.

So what we've proposed in this package is actually on crypto a number of measures.

So we have first listed individually some platforms that we see being used systematically to circumvent our sanctions,

to allow Russia to move money around, in, in contravention of our sanctions.

So we obviously want to put a stop to that behavior.

And then additionally, we have also included a new measure which would allow us to later list a,

a country that we see hosting crypto platforms in a more systematic way that are being used for circumvention,

and we would be able to have that country be proposed for transaction ban.

So they would therefore be Delisted from de-swifted as we say.

So this would be obviously a, a quite a strong deterrent tool, which is what we want to, to happen. We would like to see behaviors change.

So this mechanism, we haven't enacted it yet against any particular particular third country, but we have put it in the package and we are prepared to activate it if necessary against, and of course, we are not targeting any specific country,

but I would like to draw Attention to the fact that we have been very active in all of our sanctions packages and in each sanctions package,

strengthening measures against financial institutions,

crypto providers that are being used to circumvent our sanctions.

So, I would imagine that our 22nd package will continue to, to turn the screw tighter so that we see behavioral change.

Yes, let me just add, because we didn't have the occasion yesterday to be on the record on this 21st package of sanctions,

that, and you know because you monitor this very, very, very closely, it is very impressive that we've delivered on.

The 21st package of sanctions against Russia, and I recall with unanimity of all member states,

unanimity by definition of all member states.

It is telling,

and it does show how committed the EU is to have these sanctions and to weaken the position of Russia in the war against Ukraine.

Other questions on sanctions or else to Siobhan Jorge.

Media information
ID I-293237
Date 24/07/2026
Duration 04:47
Personalities Siobhan McGarry
Institution European Commission
Views 124