EU wants to ban imports of Russian diamonds

The EU's 27 member states have started to discuss the twelfth package of sanctions proposed by EU foreign policy chief Josep Borrell. There are restrictions on diamonds and oil, as well as ad personam sanctions, as in all previous rounds of sanctions against Russia.

EU foreign policy chief Josep Borrell wants to impose restrictions on diamonds and oil, among others. AP - Jean-François Badias

By: RFI Follow

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With our correspondent in Brussels, Pierre Benazet

Josep Borrell has submitted to the 27 for approval a list of 120 new names of people accused of orchestrating elections in Russian-occupied territories, of working for Russian propaganda and disinformation and finally of participating in the forced re-education of Ukrainian children.

But achieving the unanimity required to adopt certain other sanctions will require wording that satisfies all countries.

This is the case, for example, with the proposal to ban the import of Russian diamonds, which still represent more than three billion euros in exports for Russia. Belgium wanted to prevent the Antwerp diamond market from being bypassed, and the Europeans are therefore concocting a traceability system to avoid circumvention of sanctions.

The concern is exactly the same for hydrocarbons and the Commission proposes to prevent ships from transporting oil at a higher price than the ceiling price set by the G7 and the EU ($60/barrel), by extending the list of mandatory documents during transit in order to include freight and insurance in the costs. The EU is also considering banning the sale or resale of oil tankers to Russia.

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