The EU bans the import of Russian gold in the new sanctions package

The Commission said in a statement that member states will discuss the proposal in the EU Council next week before adopting it.

The proposal was made jointly by the Commission and the High Representative for Foreign Affairs.

Dubbed the “Maintenance and Harmonization” package, it clarifies previous provisions to strengthen legal certainty for operators and enforcement by Member States. Among other things, it proposes tightening controls on the export of dual-use products and advanced technology.

It also aims to align EU sanctions with the sanctions of its allies and partners, especially the G7 countries.

“…We are proposing today to tighten our EU sanctions against the Kremlin, to enforce them more effectively and to extend them until January 2023. Moscow will continue to pay a high price for its aggression,” said the President of the European Commission. Ursula von der Leyen in the statement.

High Representative of the EU for Foreign Affairs and Security Policy, Josep Borrelladded: “The EU sanctions are tough and severe. We are still targeting those close to us Putin and to the Kremlin.”

He said he also plans to propose expanding the EU’s list of sanctioned individuals and entities whose assets will be frozen and their travel restricted.

The Commission emphasized that the EU sanctions do not in any way target trade in agricultural products between third countries and Russia.

The next review of EU sanctions is planned to be done at the end of January 2023.

Source: ANI / Xinhua

Source: The Nordic Page