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EU Aiming to Adopt New Sanctions Package This Month

  • Bloomberg report that the European Union is discussing a new sanctions mechanism to target third countries it believes aren’t doing enough to prevent Russia from evading sanctions, particularly those that can’t explain spikes in trade of key goods or technologies, according to people familiar with the matter.
  • The main aim of the tool would be to deter countries from helping Russia and crack down on trade channels that Moscow may be exploiting, the people said. If that doesn’t work, the bloc would have the option as a second step of imposing targeted restrictions on key goods.

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