EU states raise red flag over planned sanctions on Russia – Bloomberg
A proposed ban on the re-export of key goods could put the bloc’s businesses at a disadvantage, several nations reportedly warn Several EU member states are seeking to soften proposals by the European Commission, aimed at preventing sanctions on Russia being circumvented via third nations, Bloomberg reported on Saturday, citing people familiar with the matter. The bloc’s executive arm recently proposed curtailing exports to nations currently able to re-export goods from the bloc to Russia – thus helping the sanctions-hit country bypass penalties imposed by Brussels over the Ukraine conflict. The measure, which could be included in a 12th package of sanctions on Russia, targets the sale of what the European Commission considers to be high-priority items, like semiconductors that can be used in weapons production. It reportedly obliges the buyer to deposit a sum in an escrow account to ensure compliance with the requirements. According to documents seen by the news agency, at least ...