EU countries agreed on the eighth package of anti-Russian sanctions

Permanent representatives of the countries of the European Union (EU) have agreed on the eighth package of sanctions against Russia, the Czech Representation to the EU said on Twitter. The new sanctions provide for a ban on the sea transportation of oil to third countries at a price higher than the established one. A ban will be introduced on the provision of engineering, legal and IT services to Russian organizations. They will extend the ban on the import of steel products, paper, plastic, chemicals, cigarettes, as well as on the export of technology.

In addition, officials from the Zaporozhye and Kherson regions, which became part of Russia, will be added to the sanctions lists. Also, EU members will introduce new criteria for circumventing sanctions, no details on these criteria are given. The representative office of the Czech Republic clarified that the technical procedure for issuing sanctions has been launched. They will enter into force from the moment they are published in the Official Journal of the EU.

In September, the G7 countries (Great Britain, Germany, Italy, Canada, France, Japan and the USA) agreed on a price ceiling for Russian oil. The price limit has not yet been set. The United States promised not to impose sanctions against companies that buy Russian oil above the price limit

The EU has previously imposed an embargo on Russian oil, which will come into force on December 5. Hungary, as well as Cyprus, Greece and Malta, whose tankers transport most of Russian oil to the EU, opposed the ceiling on oil prices from the Russian Federation. Hungary has achieved the abolition of the price ceiling for pipeline oil. The Ministry of Energy of the Russian Federation warned that it excluded the sale of oil or gas at a limited price.

Details – in the publication “Kommersant” “Oil and gas covered with ceilings.”

Laura Keffer

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