The draft text of the 8th EU sanctions package on Russia will ban imports of several steel products, cosmetics from Russia as well as other products considered to generate significant income in Russia. The package will also outlaw the export of certain semiconductors to Russia, Politico writes.
Russian diamonds were left off the list which will be beneficial in particular for Belgium’s diamond industry.
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The EU is considering further sanctions on Russia, including a ban on diamonds and tapping frozen assets to assist Kyiv, according to Bloomberg sources.
The US Treasury’s Office of Foreign Assets Control imposed sanctions on four entities and one vessel for violating the price cap on Russian oil, while also banning certain Russian diamond imports.