EU wants to impose sanctions on countries for trading Russian oil

This will be the first time the EU has targeted ports in third countries with sanctions, Reuters reports.

The sanctions list will include the ports of Kulevi in Georgia and Karimun in Indonesia, prohibiting EU companies and citizens from conducting transactions with these ports.

These measures are part of the EU's 20th package of sanctions in connection with Russia's war in Ukraine.

The package includes new bans on imports of metals, in particular nickel ingots, iron ores and concentrates, raw and processed copper, and various types of scrap metal, including aluminum. In addition, there is a ban on imports of salt, ammonia, pebbles, silicon, and fur.

For the first time, the package provides for the use of an instrument against the circumvention of sanctions against a third country. The new restrictions will ban the sale of metal-cutting machine tools and communications equipment such as modems and routers to Kyrgyzstan.

The EU has also proposed adding two Kyrgyz banks, Keremet and OJSC Capital Bank of Central Asia, to its sanctions list for providing crypto services to Russia, as well as banks in Laos and Tajikistan, while removing two Chinese banks from the list. If approved, these banks will be barred from conducting transactions with EU individuals and companies.

The EEAS proposes adding 30 individuals and 64 companies to the sanctions regime, which already includes asset freezes and travel bans. Among them are Bashneft and eight Russian oil refineries, including Tuapse and Syzran, which are controlled by Rosneft. The proposal does not currently include Rosneft and Lukoil themselves, which are already under US sanctions.

Photo: aussiedlerbote.de.