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EU's 13th sanctions package against Russia has no new bans on goods imports

5 February, 2024 Monday
11:40

The 13th EU sanctions package on Russia won't include new bans on importing Russian goods to meet the deadline before the second anniversary of the invasion of Ukraine

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Reuters reports citing EU diplomats.

The European Commission plans to propose a package of measures aimed at minimizing disagreements among EU member states, despite calls from some EU countries to ban Russian exports, including aluminum.

Member states must vote unanimously to adopt the new sanctions."There will be hundreds of listings... entities and individuals. No big (company) names," one of the diplomats said.

According to him, the European Commission's proposal, which may come as early as this week, will also expand the list of Russian companies to which European companies will not be able to sell dual-use goods that can be used both in everyday life and on the battlefield to create weapons.

Sources say that after the adoption of the 13th package of sanctions, the European Commission will promptly propose a 14th package of measures, which may include new import bans.

Brussels believes that there are few remaining issues on which EU countries could reach unanimous agreement, as sanctions on Russian nuclear fuel and liquefied natural gas are not currently under consideration.

In addition, the European Union plans to soon adopt its first law aimed at confiscating unforeseen revenues from the frozen Russian assets amounting to 300 billion euros. The EU hopes to utilize these funds for financing the recovery of Ukraine, with an expected sum of around 15 billion euros over four years.

  • On January 29, it became known that the Council of the European Union extended economic sanctions against Russia for 6 months - until July 31, 2024.
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