The European Commission has adopted a proposal for a 7th package of measures that will ban the importation of Russian gold.The proposal approved on Friday is a component of a fresh set of policies aimed at enhancing the efficacy and implementation of the European Unions's six prior sanctions packages against Russia.
The plan will be reviewed by the member states in the EU Council the following week before being adopted, according to a statement from the Commission. The Commission and the High Representative for Foreign Affairs jointly released the proposal.
The "maintenance and alignment" package, as it is also known, clarifies prior clauses to increase operator legal certainty and member state enforcement. It suggests, among other things, tightening export regulations for innovative technologies and dual-use items. It ALSO wants to bring the EU's sanctions even closer to those of its friends and partners, particularly the G7 nations.
"...We are recommending today that the EU sanctions we have enacted on the Kremlin be strengthened, made more effective, and extended until January 2023. Moscow must keep paying dearly for its aggression, "Ursula von der Leyen, president of the European Commission, issued a statement.
Josep Borrell, the high representative of the EU for international relations and security policy, added: "Sanctions imposed by the EU are severe and devastating. We still pursue people who have ties to Putin and the Kremlin." He SAID that he will also suggest expanding the list of people and organisations that the EU has designated as sanctioned, subject to asset freezes and travel restrictions.
The Commission emphasised that no part of the EU measures specifically target trade in agricultural goods between Russia and non-EU nations. At the end of January 2023, the EU sanctions will be subject to their subsequent assessment.
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