EU slaps new import, export limits in 12th package of sanctions

BRUSSELS, Dec 18 (PRIME) -- The E.U. has imposed new import and exports restrictions under the 12th package of anti-Russian sanctions, as seen by PRIME in a statement of the European Council on Monday.

“In particular, this package includes additional listings of Russian individuals and companies and new import and export bans… in very close cooperation with our G7 partners,” the statement read.

“Moreover, the package tightens the implementation of the oil price cap by monitoring more closely how tankers may be used to circumvent the cap. It also includes stricter asset tracing obligations and tough measures on third-country companies circumventing sanctions.”

The package envisages freezing of assets of 140 more Russian individuals, import restrictions on non-industrial diamonds, mined, processed, or produced in Russia, a ban on imports of raw materials for steel production, processed aluminum products and other metal goods, and additional export restrictions on dual-use and advanced technological and industrial goods worth 2.3 billion euros per year.

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