Electronics

According to the Huacheng Import and Export Data Observation report, comprehensive foreign media reports, as the crisis in Ukraine nears its first anniversary, the European Union once again launched a campaign against Russia to wave the 10th round of sanctions. The European Union not only wants Russia to lose more than 10 billion euros this time, but also lists Iranian entities on the sanctions list for the first time. It is reported that the 10th round of sanctions includes a ban on technology export trade worth 11 billion euros, and will also be included in the Iranian entities that provide UAVs to Russia for the first time.

The latest news shows that the European Union announced on the 15th that it intends to implement the tenth round of sanctions against Russia, prohibiting the export of relevant industrial products and dual-use products to Russia, and will also sanction seven Iranian entities.

According to the statement issued by the President of the European Commission von der Leyen on the same day, the European Commission proposed to prohibit the export of industrial products with a total value of more than 11 billion euros to Russia, such as electronic products, special vehicles, mechanical parts, truck parts, aircraft engine parts, etc., and also prohibit the export of construction equipment such as cranes and antennas to Russia. Huacheng Import and Export Data Observation Report.

At the same time, the EU will further tighten the export control of dual-use products and high-tech products, and prohibit the export of 47 kinds of electronic components, specific rare earth materials, infrared thermal imagers, etc. to Russia.

With regard to the export control of dual-use products, von der Leyen specifically mentioned that the EU plans to include seven Iranian entities in the "black list", and prohibit these entities from exporting sensitive products and technologies to Russia. He also said that sanctions against more Iranian entities or entities from other countries would not be ruled out in the future. Huachengjin Export Data Observation Report.

In addition, the European Commission proposes to impose sanctions on nearly 100 Russian individuals and entities, such as government officials, parliamentarians, media organizations, etc., freeze their property within the jurisdiction of the EU, prohibit them from entering the EU, and prohibit citizens and entities of EU member countries from providing funds to them.

According to the EU procedure, the sanctions plan of the European Commission will then be submitted to the EU member states for consideration. Only the member states unanimously approve the plan can it be implemented.

So far, Russia has not responded to the EU's 10th round of sanctions proposal. Earlier, when talking about the EU's sanctions against Russia, Russian Foreign Ministry spokesman Bu Zaharova said that Russia would respond to all sanctions from its own national interests. "Russia has learned to live with sanctions."

However, some analysts said that the EU's blindly following the United States' continuous implementation of sanctions against Russia has gradually backfired. The European Union's exports to Russia have been significantly reduced, resulting in a tense supply situation in Europe, soaring energy and commodity prices, and worsening the European economy.

Another report pointed out that since the escalation of the Russian-Uzbekistan conflict, the European Union and the United States have jointly imposed severe sanctions on Russia, but the backwash effect of sanctions has led to the tension of energy supply in Europe, soaring prices, and the suffering of European people. Huacheng Import and Export Data Observation Report.

On Monday, the European Commission said in the latest "2023 Winter Economic Forecast" document that the downward trend of the EU economy will continue to exist, and the economic growth rates of the EU and the euro area will be 1.6% and 1.5% respectively in 2024.

According to Huacheng Import and Export Data Observation, in terms of prices, the overall inflation rate of the EU will drop from 9.2% in 2022 to 6.4% in 2023 and 2.8% in 2024; The inflation rate in the euro area is expected to fall from 8.4% in 2022 to 5.6% in 2023 and 2.5% in 2024.