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Another blow to the Russian economy, the EU prepares the 12th package of sanctions

2023-11-14 10:04:00, Kosova & Bota CNA
Another blow to the Russian economy, the EU prepares the 12th package of
Josep Borrell, High Representative of the EU

Josep Borrell, the EU's High Representative for Foreign Affairs and Security Policy, has said that the new 12th package of sanctions against Russia could be presented and approved this week.

Borrell made this statement after a meeting of the EU Foreign Affairs Council on Monday in Brussels. 

Borrell noted that the 12th package of sanctions will include "more listings, new export bans, among them diamonds, actions to tighten the oil price cap in order to reduce the revenue that Russia is receiving." .

"We are finalizing the final details of this package. It will be drawn up with a Council decision, which will then adopt the relevant decisions, and a Council regulation, which will provide guidance to member states on how to implement these decisions", he explained.

Bloomberg reported that the EU's 12th sanctions package proposals include restrictions on trade in goods worth about 5 billion euros.

The new package may include more than 100 natural persons and 40 legal entities. There are also discussions about banning the employment of Russians in so-called "sensitive" sectors and repatriating Russian assets to the EU./ CNA

 





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