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Free AccessRTRS-EU Working On 10th Round Of Sanctions: Diplos
Reuters reporting that according to unnamed EU diplomats, the bloc is working towards a 10th round of sanctions on Russia that could be in place for the one-year anniversary of the launch of the invasion of Ukraine on 24 February.
- RTRS: "The EU's Russia hawks have already asked for new sanctions to curb the bloc's nuclear fuel cooperation with Moscow, ban imports of Russian diamonds and reduce trade with Kremlin's ally Belarus, among other measures....Blacklisting individuals generally gathers the necessary support of all the EU's 27 countries more easily than hard-hitting economic sanctions."
- EU foreign ministers meet in Brussels on 23 January, and while no final decision is expected some nations are likely to seek to push for further sanctions, as well as the approval of a seventh tranche of military support for Kyiv totally EUR500mn, as the meeting.
- Ahead of the foreign ministers' meeting, Reuters reports that this wekeend "...the 27 national envoys to the EU will discuss [...] a looming review of the bloc's price cap on Russian oil, with Poland and Lithuania among those calling for it to be lowered."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.