EU to ban Russian gold imports in new sanctions package

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The European Commission on Friday adopted a proposal for a seventh package of measures that may ban the importation of Russian gold.

The proposal is a part of a new set of measures which are supposed to enhance the implementation and effectiveness of the EU’s six earlier packages of sanctions towards Russia.

In a press release, the Commission stated the proposal will probably be mentioned by the member states in the EU Council subsequent week earlier than it’s adopted.

The proposal was issued collectively by the Commission and the High Representative for Foreign Affairs.

Dabbed the “upkeep and alignment” package, it clarifies earlier provisions to strengthen authorized certainty for operators and enforcement by the member states. Among others, it proposes to tighten dual-use and superior know-how export controls.

It additionally goals to additional align the EU’s sanctions with these of its allies and companions, particularly the G7 nations.

“…We are proposing at present to tighten our hard-hitting EU sanctions towards the Kremlin, implement them extra successfully and prolong them till January 2023. Moscow should proceed to pay a excessive value for its aggression,” stated European Commission President Ursula von der Leyen in a press release.

The EU’s excessive consultant for overseas affairs and safety coverage, Josep Borrell, added: “The EU’s sanctions are robust and hard-hitting. We proceed to goal these shut to Putin and the Kremlin.”

He stated he may even suggest to increase the EU’s record of sanctioned people and entities, who’re topic to property freezes and their capability to journey is curtailed.

The Commission careworn that EU sanctions don’t goal in any means the commerce in agricultural merchandise between third nations and Russia.

The subsequent evaluation of EU sanctions is scheduled on the finish of January 2023.

Source: ANI / Xinhua

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