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EU sanctions new Russian territories

1 month ago   |   By

The European Council expanded “the geographical scope” of its anti-Russia sanctions to include Zaporozhye and Kherson
The European Council on Thursday extended its anti-Russian sanctions to Zaporozhye and Kherson, the former Ukrainian regions which joined the Russian Federation this week. The EU governing body announced its decision in a statement on the eighth package of sanctions imposed on Moscow over what it called the “ illegal annexation” of Ukrainian territories.
“The Council also decided that as of today, the geographical scope of the restrictions introduced on February 23...
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EU approves new anti-Russia sanctions

EU approves new anti-Russia sanctions

1 month ago   |   By

The eighth package of restrictions includes a price cap related to the maritime transport of Russian oil for third countries
The European Union has announced a new batch of “biting” measures intended to reinforce pressure on the Russian government and economy.
According to a statement published on its website on Thursday, the sanctions package “introduces into EU legislation the basis to put in place a price cap related to the maritime transport of Russian oil for third countries and further restrictions on the maritime transport of crude oil and petroleum products to third countries.”
The...
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EU makes U-turn on sanctioning world's largest diamond miner - reports

EU makes U-turn on sanctioning world's largest diamond miner - reports

1 month ago   |   By

Russia's Alrosa was reportedly excluded from the new sanction list after Belgium blocked an EU embargo
Alrosa, the Russian state-run diamond miner, has been excluded from the EU's next round of sanctions, the EUobserver reported on Wednesday, citing European Commission papers.
The world's largest diamond mining operation by volume was initially listed in the draft proposal of the bloc's eighth sanction package. The enterprise allegedly provided direct financing of a new Russian naval submarine and fed billions of euros a year into the military budget.
However, Alrosa stayed off the final...
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