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Eighth package of sanctions against Russia. There is consent in the EU

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The eighth draft of European sanctions consists of two elements. The first is the so-called black list with a ban on entry to the EU and blocked properties. The second element is sectoral sanctions.

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The European Commission proposed, among other things, price limits on Russian oil and bans on the import of further products from Russia worth EUR 7 billion, including steel, chemicals, paper and machinery.

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The proposals also include a ban on the export of further products used by the Russian war machine and a ban on Europeans from sitting in the governing bodies of Russian companies and institutions.

Eighth package of sanctions against Russia

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The negotiations on price caps for Russian oil transported by ships to countries outside the EU were the most debated. Mainly Malta, but also Greece and Cyprus, wanted detailed provisions on how this mechanism would be established. These countries demanded guarantees that it would be introduced globally, so that there would be no massive flight of companies from these countries outside the Union.

Hungary, on the other hand, wanted to push for consent to the re-export of Russian oil, which it receives via pipelines, but eventually gave up. However, they did not allow the restrictions on the head of the Russian Orthodox Church, Patriarch Kirill.

On the other hand, Belgium, in defense of its interests, led diamonds to be removed from the sanctions list.


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Source: Gazeta

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