Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

EU imposes sanctions on 7 Moldovans, cites destabilising actions

Published 31/05/2023, 00:12
Updated 31/05/2023, 00:16
© Reuters. FILE PHOTO: Moldova's media tycoon Vlad Plahotniuc attends an interview with Reuters at his office in Chisinau, Moldova, November 7, 2016. REUTERS/Matthias Williams

By Alexander Tanas

CHISINAU/BRUSSELS (Reuters) - The European Union on Tuesday imposed sanctions on seven people from Moldova for actions it said destabilised and undermined the territorial integrity of the small impoverished country and neighbouring Ukraine.

The 27-nation bloc announced the punitive measures two days before more than 40 European leaders meet in Chisinau in a show of support for the former Soviet republic, which has a pro-western government and denounced Russia's invasion of Ukraine.

The EU, which has offered generous support to Moldovan President Maia Sandu since her election in 2020, also announced it was doubling its grant of macroeconomic support to 290 million euros ($310 million).

Three of those targeted by the EU have fled Moldova. Two face charges connected to a bank fraud.

EU foreign policy chief Josep Borrell said in a statement that the seven were "responsible for actions aimed at destabilising, undermining or threatening the sovereignty and independence" of Moldova and Ukraine.

Sandu accuses Moscow of plotting to undermine her country.

"These people who disagree with our laws betrayed and continue to betray the national interest, put Moldova's development under threat and work for the benefit of the Kremlin," she wrote on social media.

Those targeted by the EU include Vlad Plahotniuc, deemed the mastermind of a $1 billion fraud in 2014-2015 and Ilan Sor, his pro-Russian associate who has organised mass anti-government protests from exile in Israel.

Also on the list was Marina Tauber, a senior member of Sor's party and a chief organiser of the recurring protests.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Sor, a financial magnate sentenced to 15 years in prison by a Moldovan court in April, dismissed the EU measures and accused Sandu of driving the country towards bankruptcy.

"Moldova is a neutral state and should conduct itself in accordance with what is written in the constitution," he told Russian media.

Thursday's gathering is intended as a show of support for both Moldova and Ukraine.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.