Published February 04,2024
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The European Commission won’t add any new import bans in its subsequent bundle of sanctions on Russia, EU diplomats mentioned, as a thirteenth bundle proposal takes its last form.
The Commission and European Union member states need to rapidly go a brand new set of measures to mark the second anniversary of Russia’s invasion of Ukraine on Feb. 24.
Despite calls from some EU international locations to ban extra Russian exports like aluminium, the Commission will suggest a bundle it hopes will trigger minimal debate amongst member states so it’s handed rapidly.
Member states have to vote unanimously to undertake new sanctions.
“There will be hundreds of listings… entities and individuals. No big (company) names,” one of many diplomats mentioned.
The diplomat mentioned the Commission proposal – which may arrive as early as this week – would additionally develop the record of Russian firms that EU corporations can not promote dual-use items to.
Dual-use items are these gadgets that may serve a function in peculiar life in addition to on the battlefield to make weapons similar to drones.
The sources added that after the thirteenth sanctions bundle is handed, the Commission will rapidly suggest a 14th set of measures which may embody some new import bans.
The EU has already banned many large ticket gadgets similar to sea-borne Russian oil imports and, most not too long ago, diamonds.
Brussels believes little is left that EU international locations may discover unanimous settlement on, with Russian nuclear gas and liquefied pure fuel sanctions thought-about off the desk for now.
The EU may even quickly undertake a first-step legislation to put aside windfall revenues from Russia’s 300 billion euros of immobilised property, principally held in Europe. The EU hopes to make use of these revenues to fund Ukraine’s reconstruction. This may quantity to some 15 billion euros over 4 years.
Source: www.anews.com.tr