RT.com
23 Sep 2022, 17:41 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.
READ MORE: Austria to reject Russian gas ban ? FM
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 Europe Sun 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 Europe Sun.
More InformationDOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...