RT.com
23 Sep 2022, 15:43 GMT+10
The restrictions will reportedly include a price cap on Russian oil and measures targeting the country's IT sector
A potential new round of EU sanctions on Moscow, the eighth so far, may include legislation on a price cap for Russian oil and target the country's tech sector, the Financial Times reported on Friday, citing sources.
According to the report, the package may also include more Russian individuals.
The new set of sanctions is expected to be formally proposed after European Commission officials discuss the measures with EU member states in the coming days.
However, the paper notes that there is some dissent on the nature and harshness of the proposal within the bloc. Poland and the Baltic states are demanding a tougher stance against Russia and are reportedly calling for more Russian banks to be disconnected from the SWIFT interbank payments system. They also want a ban on diamond imports and to restrict Russian and Belarusian IT services.
However, Hungary may be opposed to any new measures. Prime Minister Viktor Orban has already called for all existing EU sanctions to be scrapped.
European officials interviewed by the FT also indicated that any agreement on the proposals would be difficult to reach and more time was needed to work things out. All EU member states must approve the sanctions unanimously in order for them to be implemented.
European Commission President Ursula von der Leyen said on Wednesday that new restrictions are needed in response to Moscow's decision to start partial mobilization and to hold referendums in parts of Ukraine on uniting with Russia.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of New York Statesman news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New York Statesman.
More InformationLONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...