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EU bans 70% of Belarus exports to bloc with new sanctions over Ukraine invasion

European Union’s flags flutter at half mast in memory of late European Parliament President David Sassoli, in front of European Commission building, in Brussels, Belgium January 11, 2022. REUTERS/Yves Herman

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  • New sweeping measures hit iron, steel, timber, wood
  • Import of potash to be fully banned tightening past sanctions
  • EU will stop exporting advanced technology to Belarus

BRUSSELS, March 2 (Reuters) – The European Union has approved new sanctions against Belarus for its supporting role in Russia’s invasion of Ukraine, effectively banning about 70% of all imports from that country, the EU said on Wednesday.

The fresh sanctions, which spare for now Belarusian banks, come after Minsk allowed Russian troops to move into Ukraine from its territory, as well as changed its constitution to allow permanent deployment of Russian forces and nuclear weapons on its soil.

The measures include fresh economic sanctions and new listings of 22 high-ranking members of the Belarusian military involved in the aggression against Ukraine.

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The economic sanctions hit both Belarus’ exports to the EU, and EU exports of machinery to Belarus.

TRADE CURBS

The import ban significantly expands previous sanctions, and will now cover nearly 70% of Belarus export to the EU, which accounted for 5.9 billion euros last year, an EU official said. read more

Among the sectors hit are wood, timber, steel and iron, which were not covered by previous sanctions, and cumulatively represent nearly 40% of all Belarusian exports to the EU. Other sectors affected by the EU import ban are cement, rubber and fuels.

The new sanctions also close loopholes and end carve-outs on existing sanctions on Belarus export of potash, a fertilizer made of potassium and a key trading product. So far sanctions had banned only 20% of that export, whereas the new measures will completely ban its trade, EU officials said.

The measures will include contracts signed before their adoption, and not just new contracts as in previous rounds of sanctions. Companies will have three months to close open contracts.

Risks that banned products may be exported via Russia or other third countries would be addressed by customs authorities, EU officials said.

Under the new sanctions, the EU will also stop exporting to Belarus a long list of machinery that could be used for military purposes, in addition to products already banned. Among the new sanctioned products are advanced technologies, including computers, electronics, telecoms, sensors and lasers.

Unlike Russian lenders, Belarusian banks have not been excluded yet from the SWIFT international payments system, but one EU official said that that “will come”.

The fresh measures come on top of those already imposed by the EU after President Alexander Lukashenko crushed protests following elections in August 2020.

Lukashenko himself is already subject to EU sanctions.

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Reporting by Francesco Guarascio; additional reporting by John Chalmers; editing by Tomasz Janowski, Hugh Lawson, Bernadette Baum and Sandra Maler

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Canada floods cut rail link to Vancouver port; one dead

MERRITT, British Columbia, Nov 16 (Reuters) – Floods and landslides that have killed at least one person have cut all rail access to Canada’s largest port in the city of Vancouver, a spokesperson for the port said on Tuesday.

Two days of torrential rain across the Pacific province of British Columbia touched off major flooding and shut rail routes operated by Canadian Pacific Rail (CP.TO) and Canadian National Railway (CNR.TO), Canada’s two biggest rail companies.

“All rail service coming to and from the Port of Vancouver is halted because of flooding in the British Columbia interior,” port spokesperson Matti Polychronis said.

At least one person was killed when a mudslide swept cars off Highway 99 near Pemberton, some 100 miles (160 km) to the northeast of Vancouver.

Two people were missing and search and rescue crews were combing through the rubble, officials said.

Vancouver’s port moves C$550 million ($440 million) worth of cargo a day, ranging from automobiles and finished goods to essential commodities.

The floods temporarily shut down much of the movement of wheat and canola from Canada, one of the world’s biggest grain exporters, during a busy time for trains to haul grain to the port following the harvest.

Drought has sharply reduced the size of Canada’s crops this year, meaning a rail disruption of a few days may not create a significant backlog, a grain industry source told Reuters.

Del Dosdall, senior export manager at grain handler Parrish & Heimbecker, said he expected some rail services could be restored by the weekend. Another industry source said he expected the shutdown to last weeks.

OIL PIPELINES SHUT DOWN

Floods have also hampered pipelines. Enbridge Inc (ENB.TO) shut a segment of a British Columbia natural gas pipeline as a precaution. read more

Crowds gather along the Trans-Canada highway to view flooding after rainstorms lashed the western Canadian province of British Columbia, triggering landslides and floods and shutting highways, in Abbotsford, British Columbia, Canada November 16, 2021. REUTERS/Jennifer Gauthier

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The storms also forced the closure of the Trans Mountain pipeline, which carries up to 300,000 barrels per day of crude oil from Alberta province to the Pacific coast.

Copper and coal miner Teck Resources Limited (TECKb.TO) said the floods had disrupted movement of its commodities to its export terminals, while potash exporter Canpotex Ltd said it was looking for alternatives to move the crop nutrient overseas.

Directly to the south of British Columbia, in the U.S. state of Washington, heavy rain forced evacuations and cut off electricity for more than 150,000 households on Monday.

The U.S. National Weather Service on Tuesday issued a flash flood in Mount Vernon, Washington, “due to the potential for a levee failure.”

Some areas of British Columbia received 8 inches (20 cm) of rain on Sunday, the amount that usually falls in a month.

Authorities in Merritt, some 120 miles (200 km) northeast of Vancouver, ordered all 8,000 citizens to leave on Monday as river waters rose quickly, but some were still trapped in their homes on Tuesday, said city spokesman Greg Lowis.

Snow blanketed the town on Tuesday and some cars could be seen floating in the flood waters up to 4 feet (1.22 m) deep.

The towns of Chilliwack and Abbotsford ordered partial evacuations.

Abbotsford also issued an emergency warning on Tuesday night, asking all residents to evacuate the Sumas Prairie region immediately as deteriorating conditions posed a significant threat to lives.

Rescuers equipped with diggers and body-sniffing dogs started clearing mounds of debris that have choked highways.

The landslides and floods come less than six months after a wildfires gutted an entire town in British Columbia as temperatures soared during a record-breaking heat dome, raising new worries about climate change. read more

Reporting by Artur Gajda in Merritt and Rod Nickel in Winnipeg; additional reporting by David Ljunggren in Ottawa, Nia Williams in Calgary, Ismail Shakil in Bengaluru, Brad Brooks in Lubbock, Texas and Dan Whitcomb in Los Angeles, Maria Ponnezhath in Bengaluru; editing by Ed Osmond, Jonathan Oatis, Aurora Ellis and Sandra Maler

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