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New EU sanctions against Russia include oil price cap, import ban on goods – Prague

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New sanctions of the EU against Russia include a ban on the transportation of oil to third countries at prices above the established oil price cap and an extended import ban on goods, among others, the Czech Presidency of the Council of the EU said on Wednesday.

“The package contains: Prohibition of third maritime transport of Russian oil to countries above the oil price cap and a ban on related services … Extended import ban on goods – steel products, wood pulp, paper, machinery and appliances, chemicals, plastic, cigarettes, etc.,” the Czech presidency tweeted.

The new package also bans the provision of IT, engineering, and legal services to Russian entities, and a further tech-export ban, the tweet read.

“Expansion of the sanctions regime to Kherson and Zaporizhzhia, new criteria for sanctions circumvention and new listings,” the presidency added.

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Emmanuel Yashim

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