Brussels adopts seventh round of sanctions against Russia on Friday / what it might contain

The European Commission is set to adopt a seventh set of sanctions against Russia on Friday, two officials told Reuters that would add a ban on Russian gold imports and amend existing restrictions to avoid hampering food exports.

Sanctions against Russia are multiplyingPhoto: Dreamstime

The new measures are considered a “maintenance and coordination package,” with “six and a half” sanctions for its limited scope compared to previous rounds that affected Russian oil or coal, one source said.

However, some measures can have a severe impact on affected sectors.

The draft package, which requires the approval of EU governments, includes a ban on imports of Russian gold into the EU, which will apply from the adoption of the new sanctions, Reuters first reported before the G7 agreed to the move in June.

A source said the move would also affect Russian gold imports through third countries, but did not elaborate on how it would work.

Brussels will tighten existing measures, with new restrictions on the import of goods that could be used for military purposes, including chemicals and machinery, the source said.

New people and companies deemed close to the Kremlin will also be added to the EU’s blacklist, which provides for freezing their assets and travel bans, said three officials, who declined to be named.

Three EU officials said the commission would make some changes to existing sanctions that would not affect food and grain exports from Russia.

Changes to existing control measures are aimed at ensuring the rules are not misinterpreted by trading companies, an official said, adding that the ban on Russian ships entering EU ports would be amended to avoid confusion.

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Under the measure, Russian ships are already allowed to enter EU ports if they are carrying food or medicine.

But some traders have effectively banned trade in food when exported from Russian ports indirectly owned by state-owned companies recognized by the Russian government. The amendment will clarify that these ports are exempted from the ban, the source said.

(Article photo source: Dreamtime)

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