Russia may reduce presence on EU energy markets in next 20 yearsBusiness & Economy June 29, 8:48
Top military brass baffled by UK defense chief’s remarks about Russian warshipRussian Politics & Diplomacy June 29, 8:20
FIFA president lauds Confederations Cup semi-final match as incredibleSport June 29, 7:38
Chile edges Portugal with 3-0 penalty shootout win for 2017 FIFA Confederations Cup finalSport June 29, 1:38
Telegram included in register of Internet information distributorsBusiness & Economy June 28, 20:56
Putin points to growing activities of foreign secret services against RussiaRussian Politics & Diplomacy June 28, 20:36
FIFA chief Infantino to attend Chile-Portugal 2017 Confederations Cup semis match in KazanSport June 28, 20:27
Lavrov expects US to refrain from creating pretexts for new attacks on SyriaRussian Politics & Diplomacy June 28, 20:09
Top diplomat says Germany willing to open new chapter in relations with RussiaWorld June 28, 19:28
OSLO, August 15. /ITAR-TASS/. Sectoral sanctions against Russian economy which the EU states had negotiated and adopted on July 31 entered into force for Norwegian companies and financial institutions, the kingdom’s Foreign Ministry said in a statement transmitted to ITAR-TASS.
The decision was taken at the Friday meeting of the Norwegian Council of State which comprises members of the government and King Harald V of Norway. The Council of State has officially approved the decision which the country’s government had announced on August 11 that Norway joined EU sanctions against Russia.
“Newly negotiated measures take effect immediately,” the Foreign Ministry said.
EU sectoral sanctions earlier imposed on Russia ban EU export of dual-purpose products and technologies to Russia, except for technologies for space industry, particularly projects which are not linked with military developments. The EU has also introduced the rules of preliminary approval of deals which envisage supplies of equipment and technologies for the Russian oil sector.
Meanwhile, sanctions ban five Russian banks, including Sberbank, VTB, Gazprombank, Rosselkhozbank and state-run corporation VEB as well as their special purpose ventures from attracting monetary funds for more than three months on European financial markets from August 1, 2014. New emissions of any financial instruments with a period of circulation of more than 90 days, including placement of stocks and bonds, are forbidden.
Norway is not an EU state, but is a NATO member and has consistently joined all EU sanctions against Russia for the last few months.