Copyright © 2021 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Bloomberg: EU likely to ban Russian diamonds in 12th Russia sanctions package

The EU is considering further sanctions on Russia, including a ban on diamonds and tapping frozen assets to assist Kyiv, according to Bloomberg sources.
Bloomberg: EU likely to ban Russian diamonds in 12th Russia sanctions package

The EU will discuss its 12th Russian Sanctions Package, which could be presented as early as October, and would likely include the G-7 type ban on Russian diamonds, Bloomberg reports, referring to its sources.

“The new measures, which could be presented as early as next month, would likely include the EU’s version of the upcoming G-7 ban [on purchasing Russian diamonds] and possibly a long-awaited proposal to use the profits generated by frozen central bank assets to aid Kyiv, according to people familiar with discussions,” Bloomberg says.

Some EU members, including Poland and the Baltic states, call for additional sanctions on LNG and IT services, and on Russia’s nuclear sector to be included in the package, according to Bloomberg sources.

Additionally, Poland wants to boost restrictions on previously sanctioned products.

“Its proposals include lowering import quotas for synthetic rubbers, making steel restrictions more effective and introducing a ban on solid caustic soda. Warsaw is also seeking a new sanctions package against Belarus,” Bloomberg says referring to an unspecified document.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here


    Related Posts