Oil, steel, diamonds, caviar and vodka from Russia will fall under EU sanctions

The European Commission has developed a new package of sanctions against RUSSIA, which should satisfy all 27 participating countries. it included restrictions on oil, steel, timber,

In addition to the previously announced plans to impose restrictions on the price of Russian oil, the new EU industry sanctions package may include the diamond mining company ALROSA, caviar, vodka and cigarettes, and personal sanctions may include philosopher Alexander Dugin and artists Yulia Chicherina, Oleg Gazmanov, Nikolai Rastorguev.

This is reported by the publication EUObserver, which got acquainted with the internal documents of the EU on the preparation of sanctions. The EU Commission and Foreign Service put forward these ideas on September 28 in response to "Russia's plan to annex parts of eastern Ukraine" after the referendums were held.

The sanctions will hit ALROSA but spare the rest of Russia's diamond mining sector, the newspaper writes. It also contains a ban on the import of Russian vodka, caviar, cigarettes and cosmetics.

Dugin was listed as he called on Russian President Vladimir Putin to create "a Russian-dominated totalitarian Eurasian empire that includes Ukraine for historical, religious and geographical reasons."

The list also includes artists Yulia Chicherina, Oleg Gazmanov and Nikolai Rastorguev, who supported Russia's actions in Ukraine.

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Most of the 29 individuals who are planned to be included in the sanctions list are “little-known officials” who participated in organizing the referendums.

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Shipping companies and insurers will be prohibited from handling Russian oil unless its purchase price per barrel is "at or below a predetermined price cap set by the Price Cap Authority".

In addition, a complete ban on the import of Russian steel, from industrial coils to sewing needles, as well as all forest products, including wood, pulp and paper, is planned as part of a €7 billion EU trade embargo.

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Sanctions may include a ban on EU citizens from holding senior positions in large Russian state-owned companies, as well as a ban on providing accounting, architectural, engineering, information and legal services to Russian firms and individuals. The legal ban only applies to "non-contentious" commercial services, so Russians still have the right to representation in EU courts.

The commission's proposals have been crafted to please all 27 EU capitals, following consultations over the weekend, the newspaper notes.

The EU ambassadors are to discuss these proposals and make a final decision on Friday 30 September.

On the eve of The Wall Street Journal reported that the administration of US President Joe Biden is preparing its own new series of economic sanctions, seeking to tighten the "financial cordon" around the Russian economy. The sanctions list is planned to include the Russian Deposit Insurance Agency, the Mir National Payment Card System, the National Clearing Center and the National Settlement Depository.

The White House is also considering cutting off more Russian banks from the SWIFT global financial messaging system, imposing EXPORT controls on a wider range of goods needed by the economy, and imposing sanctions on more state-owned companies.