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 China National News 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 China National News.
More InformationSEATTLE, Washington: Boeing has revamped its employee incentive plan, tying annual bonuses for more than 100,000 workers to overall...
WINNIPEG, Manitoba: Farmers in the U.S. and Canada are bracing for soaring fertilizer prices as trade tensions escalate between the...
NEW YORK, New York - A slightly lower-than-expected CPI reading for February helped U.S. stocks to stabilize after some relentless...
NEW YORK CITY, New York: New York's office market is showing signs of a comeback as major investors, including Blackstone, scout for...
NICOSIA, Cyprus: Cyprus' ancient Commandaria wine, praised for its rich heritage dating back nearly 3,000 years, is making a comeback...
SAN FRANCISCO, California: Shares of DoorDash, Williams-Sonoma, Expand Energy, and TKO Group surged in extended trading on March 7...
MANILA, Philippines - In a dramatic move, the International Criminal Court on Tuesday arrested the former president of the Philippines,...
BENTONVILLE, Arkansas: Walmart is pressuring some Chinese suppliers to cut prices in response to President Donald Trump's imposed U.S....
BEIJING, China: China has set an economic growth target of around five percent for 2025, signaling efforts to stabilize the economy...
BATHURST, NSW, Central West, Australia - A manĀ who has been disqualified from holding a driver's license for the next ninety-two years...
(250313) -- BEIJING, March 13, 2025 (Xinhua) -- Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist...
The continent must unite to shape its economic future and to end its dependence on Western financial institutions In late February...