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Reuters
Reuters
Business
Francesco Guarascio

EU closes loophole allowing multimillion-euro arms sales to Russia

FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 6, 2019. REUTERS/Yves Herman/File Photo

The European Union has closed a loophole that allowed EU governments to export weapons worth tens of millions of euros to Russia last year alone despite an embargo which took effect in 2014 after Russia annexed Ukraine's Crimea region.

EU countries last year sold to Russia weapons and ammunition worth 39 million euros ($42.3 million), according to the latest data made available by the EU Commission - up more than 50% from 2020, when sales were worth 25 million euros, a volume in line with previous years.

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