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Parliamentary question - E-002009/2024Parliamentary question
E-002009/2024

EU sanctions against Russia and the potential use of former Soviet republics to circumvent these sanctions

10.10.2024

Question for written answer  E-002009/2024
to the Commission
Rule 144
Adrian-George Axinia (ECR)

In the light of the sanctions imposed on the Russian Federation following its invasion of Ukraine, I would like to inquire about reports indicating that former Soviet republics in the Caucasus are being used to circumvent these sanctions.

Specifically, there are allegations that the control of national management institutions is being leveraged to monopolise key economic sectors.

For instance, in Uzbekistan, it has been reported that Octobank JSC, which is controlled by the National Agency of Perspective Projects, appears to dominate cross-border financial transactions, including money transfers and peer-to-peer payments, potentially sidelining other financial institutions.

In this context:

Submitted: 10.10.2024

Last updated: 23 October 2024
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