EU Aims for Next Sanctions Package in Coming Weeks

08:53 Thu, 30 March

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12.Jul .2022 10:30

EU Aims for Next Sanctions Package in Coming Weeks

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The European Union plans to propose a new package of sanctions against Russia over its war in Ukraine in the coming weeks, according to people familiar with the matter.

Bloomberg reported earlier this month that the proposal could include restrictions on gold imports, measures to fix previous sanctions and further listings of individuals and entities.

Discussions on mechanisms to cap the price of oil are ongoing and unlikely to come in the near future, the people said. Some member states have been pushing to expand the bloc’s sanctions to hit gas, but there is little appetite among the vast majority of nations to go there, Bloomberg reports.

Sanctions EU Union Russia-Ukraine War