Machine tools, diamonds, drone motors featured in 12th package of EU sanctions – Bloomberg

As part of the 12th package of anti-Russian sanctions, the European Union proposes to introduce a ban on the export of certain types of machine tools and machinery parts to the Russian Federation, which uses them to produce weapons used against Ukraine, Bloomberg writes with reference to internal EU documents.

"The main focus of the new sanctions package is to further crack down on the Kremlin’s ability to circumvent EU sanctions and feed its war machine, as well as curtail Moscow’s sources of revenues," the article reads.

In addition, according to Bloomberg, the European Union is considering the possibility of restrictions on such goods as lithium batteries, thermostats, some chemicals, and motors for drones.

Read also: European Parliament discontent with weak sanctions against Russia

As expected, the new sanctions package will include a ban on the supply of Russian diamonds from January 1. It also includes additional measures that will ensure compliance with the price cap for Russian oil.

EU members will debate the proposals this week, with the final sanctions package subject to change based on those discussions, Bloomberg's sources indicate.

The European Union began preparing the 12th package of anti-Russian sanctions in September.

The previous, 11th package, was adopted by the European Union in June 2023. Its basis was a new mechanism for combating the circumvention of sanctions through third countries.

The new package of sanctions against Russian trade provides for restrictions in the amount of $5.3 billion.

On October 25, 2023, The insider wrote that the contractors of the Kinzhal missile manufacturers avoided sanctions, as supplies keep coming from the EU.