Espreso. Global

EU plans to ban export of engines for UAVs which Russia uses in war – Bloomberg

15 November, 2023 Wednesday
15:13

The European Union proposed to ban the export of machine tools and weapon parts, in particular drones, which Russia uses to manufacture weapons against Ukraine

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This is reported by Bloomberg with reference to EU documents.

It is noted that the proposal for this ban is contained in the 12th EU sanctions package, which also includes a ban on diamond exports and measures to better enforce the price cap on Russian oil. Member states plan to discuss the proposals this week, and they could change before they are approved.

The proposal to ban certain items is part of the 12th EU sanctions package, which includes restrictions on diamond exports and measures to better enforce the price cap on Russian oil. Member states are set to discuss these proposals this week, and there's a possibility they could undergo changes before approval.

The EU is considering adding various items to its list of prohibited goods, such as chemicals, lithium batteries, thermostats, engines, and servo motors used in drones by Russia in its conflict with Ukraine.

The primary aim of the new set of anti-Russian sanctions is to further limit the Kremlin's ability to evade EU sanctions, disrupt its military activities, and diminish Moscow's income sources.

As per the plan, the package suggests banning Russian diamonds from January 1 and gradually implementing an indirect ban on the import of diamonds processed in third countries.

Additionally, the European Union is proposing to:

  • Prohibit Russians from holding positions in European companies providing crypto asset-related accounts and depository services.
  • Forbid the licensing of software for enterprise management and industrial design and production.
  • Mandate that European firms owned or controlled by Russians obtain permission to transfer funds from the EU.
  • Introduce a requirement for exporters to include clauses in their contracts preventing the re-export of specific goods from Russia.

In a related development, over 30 international diplomats and figures urged EU leaders to approve the decision allowing Ukraine to utilize Russian assets.
 

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