EU seeking something Russian to sanction – Bloomberg

The European Union is in the final stages of crafting its 12th set of Ukraine-related sanctions against Russia, as reported by Bloomberg on Monday, citing sources familiar with the ongoing discussions.

According to the news outlet, this upcoming package of sanctions is expected to concentrate on further measures to hinder Russia’s capacity to circumvent previously imposed restrictions, particularly its efforts to import sanctioned goods through intermediary countries, such as Türkiye and the UAE.

Sources claim that the EU’s sanctions list may be expanded to align with the upcoming G7 ban on purchasing Russian diamonds, anticipated to be announced in the coming weeks. It envisions direct and indirect prohibitions on acquiring Russian diamonds starting from January 1.

Additionally, the new EU package is said to include a proposal regarding the potential utilization of profits generated by frozen assets belonging to the Central Bank of Russia. Discussions concerning the legality of seizing these assets to support Ukraine have been ongoing for months, with sources indicating that they may be nearing a resolution.

Furthermore, the European Commission is expected to propose implementing a windfall tax on the earnings generated by Russian central bank assets within EU clearing houses.

Certain member states, including Poland and the Baltic nations, have additional proposed restrictions on Russia’s liquefied natural gas (LNG) exports and IT services. Specific details regarding these proposals remain undisclosed.

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Source of data and images: lenta