The European Commission has approved the proposition concerning the ban on trade of Russian diamonds. In the nearest time the document may be submitted for consideration to all EU member states. Source: AFP with reference to the draft of the decree Quote: "The European Union is drawing up bans on Russian diamonds as part of its 12th package of sanctions to tighten the vice on Moscow's war economy… But it has been difficult to agree on how best to restrict the diamond trade.
The Kremlin, facing the prospect of a European Union ban on imports of Russian diamonds, said on Monday that EU sanctions tended to have a “boomerang effect” on those who applied them
(Bloomberg) The European Union has proposed banning the export of machine tools and machinery parts that Russia uses to make weapons targeting Ukraine, according to documents seen by Bloomberg.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USUS Frustration With Israel Grows as Gaza Civilian Deaths MountS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapWorld’s Best Performing Office Market
The European Union has proposed a ban on the export of machine tools and machine parts used by Russia to manufacture weapons for its war against Ukraine as part of its 12th package of sanctions against Russia, Bloomberg reported on Nov. 15, citing an EU document.