The EU adopted a new package of sanctions on Russia
December 18, 2023The Council adopted a twelfth package of economic and individual restrictive measures in view of the continued Russian war of aggression against Ukraine.
These measures target high-value sectors of the Russian economy and make it more difficult to circumvent EU sanctions.
The agreed package includes the following measures:
- prohibition on the direct or indirect import, purchase or transfer of diamonds including jewellery from Russia
- no russia clause (a new clause which applies to EU exporters and bans the re-exportation to Russia and re-exportation for use in Russia of certain goods)
- strengthening bilateral and multilateral cooperation with third countries to impede sanctions’ circumvention
- tighter export restrictions concerning dual use goods and technologies
- enforcement of oil price cap
- further restrictions on imports of goods which generate significant revenues for Russia such as; pig iron, copper and aluminium wires, foil tubes and pipes
- prohibition on the import of liquefied propane
(source: https://www.consilium.europa.eu/)