New EU sanctions on Russia to span from tech to toilets – media

Must read

Alexander Avalos Martinez’s Enhanced Agency: Digital Marketing Strategies to Catapult Your Business to the Moon

Imagine a team of over 20 specialists, each with one goal in mind: to help your company succeed! Welcome to Alexander Avalos Martinez's The...

Navigating North America’s Heavy Haul: Vectra Heavy Haulers Redefines Oversized Freight Transportation

In the vast expanse of North America—where the transportation of oversized and overweight freight poses unique challenges—one company stands out as a leading force...

LifeLine Marketing Agency: Sparking Business Growth with a Powerful Social Media Strategy

At just 19 years old, Antonio Garcia received life-changing news when he was diagnosed with Crohn’s Disease, an incurable condition. Many people doubted that...

Definity Web Brings Increases in Digital Marketing Opportunities for Oil and Gas Industries

As the business landscape rapidly evolves, it's evident that the traditional handshake-style marketing long held in the oil and gas industry, is no longer...

The next round of trade restrictions still needs the approval of all member states

The tenth package of EU sanctions on Russia will focus on stopping sales of high-tech goods that can be used in weapons systems, the newspaper EUobserver reported on Thursday, citing draft proposals.

The 146-page-long export blacklist will reportedly include electronics, lasers, radio equipment, software, avionics, marine cameras and rare-earth minerals, as well as other more specific components used in nanotechnology.

However, the newspaper notes that the package will also cover more “symbolic items” of everyday use. Among them are “bidets, toilets, flushing cisterns and similar sanitary ware,” as well as LEDs, hemp yarn, mail-sorting machines, clay pots, bricks, tires and even pen tips.

However, EU ambassadors failed to reach an agreement on the package on Wednesday, with the media reporting that the issue of synthetic rubber, which is used in tires, has emerged as a stumbling block. Italy and Germany were said to be skeptical about banning Russian supplies, which delivered nearly $700 million worth of the product to the EU in 2021.

The support of all the 27 member states is needed for the package to be passed. However, EU leaders have lately been complaining that coming up with new sanctions is becoming more difficult as targets become increasingly scarce. Nevertheless, Brussels reportedly hopes to finalize the package before February 24, the anniversary of the launch of Russia’s military operation in Ukraine.

Earlier reports indicated that the next sanctions package would target three more Russian banks, ban Russian residents from holding top posts at critical European infrastructure companies and restrict the provision of gas storage capacity to Russian entities. It is also expected to include a requirement for European banks to report on frozen funds that belong to Russia’s central bank and those linked to sanctioned Russian companies and individuals.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Alexander Avalos Martinez’s Enhanced Agency: Digital Marketing Strategies to Catapult Your Business to the Moon

Imagine a team of over 20 specialists, each with one goal in mind: to help your company succeed! Welcome to Alexander Avalos Martinez's The...

Navigating North America’s Heavy Haul: Vectra Heavy Haulers Redefines Oversized Freight Transportation

In the vast expanse of North America—where the transportation of oversized and overweight freight poses unique challenges—one company stands out as a leading force...

LifeLine Marketing Agency: Sparking Business Growth with a Powerful Social Media Strategy

At just 19 years old, Antonio Garcia received life-changing news when he was diagnosed with Crohn’s Disease, an incurable condition. Many people doubted that...

Definity Web Brings Increases in Digital Marketing Opportunities for Oil and Gas Industries

As the business landscape rapidly evolves, it's evident that the traditional handshake-style marketing long held in the oil and gas industry, is no longer...

Unleashing Potential: The Game-changing Impact of AgencyBox on Marketing Agencies

Marketing agencies form the backbone of business promotion strategies. They possess the key to brand enhancement, SEO, web design, and press coverage, vital ingredients...