The draft text of the 8th EU sanctions package on Russia will ban imports of several steel products, cosmetics from Russia as well as other products considered to generate significant income in Russia. The package will also outlaw the export of certain semiconductors to Russia, Politico writes.
Russian diamonds were left off the list which will be beneficial in particular for Belgium's diamond industry.
To suggest a correction or clarification, write to us here
You can also highlight the text and press Ctrl + Enter
We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!
Belgium commits €1.7 billion for Ukraine's assistance, drawing from taxed frozen Russian assets. The EU and G7 explore taxing immobilized Russian sovereign assets, while Belgium works on banning Russian diamonds from its markets.
The EU is considering further sanctions on Russia, including a ban on diamonds and tapping frozen assets to assist Kyiv, according to Bloomberg sources.