With the continuous tension of the international situation, the EU is considering imposing the 12th round of sanctions on Russia. The core content of this round of sanctions includes a ban on Russian diamonds, more stringent implementation measures for the price cap on Russian oil, and an increase in restrictions on certain items. These measures aim to further combat the Russian governments ability to evade EU sanctions and cut off its sources of income.

Diamond Ban and Oil Price Cap

Diamond Ban:Starting from January 1st next year, the EU will ban the import of Russian diamonds, including those processed in third countries.
Oil Price Cap:As a supplement to the price cap on Russian oil, the EU proposes that the certificate must include itemized costs of freight and insurance to avoid forged certificates or concealing the actual cost of Russian crude oil.

Strengthened Supervision and Information Sharing

To strengthen control over Russian oil exports, the EU has proposed enhanced information sharing to identify vessels engaged in fraudulent activities. Additionally, the EU has proposed introducing a notification system requiring authorization for the sale or export of oil tankers and second-hand transport ships to curb Russias development of a so-called shadow fleet.

Restrictions on Other Items

The EU also proposes to include items such as chemicals, lithium - ion batteries, thermostats, motors for drones, and servo - motors used in military systems on the restricted list. These measures aim to weaken Russias military capabilities in the conflict with Ukraine.

List of Entities Subject to Trade Restrictions

If the proposal is approved, more than 30 companies will be included in the list of entities subject to trade restrictions, including companies from Kazakhstan, Uzbekistan, Singapore, and several Russian machinery manufacturing companies.

Impact of the New Round of Sanctions

The new round of restrictions will have an impact of approximately 5 billion euros on Russiasimport and export. This round of sanctions is considered an important blow to Russias economy and trade.