EU considers cap on Russian crude price, restricting more technology: sources

EU considers cap on Russian crude price, restricting more technology: sources

The European Union is considering limiting the price of Russian oil , further restricting high-tech exports to Moscow and applying more sanctions on individuals, diplomats said on Thursday, responding to what the West condemned as a new escalation of the war in Ukraine.

The 27-nation EU was spurred into action by President Vladimir Putin’s nuclear rhetoric on Wednesday, the announcement of a partial mobilization for war and support for plans to effectively annex parts of eastern Ukraine.

EU foreign ministers agreed at a meeting on the sidelines of the UN talks in New York to prepare new sanctions against Russia, with the bloc’s top diplomat saying they would consist of “economic and individual” measures.

The head of the EU executive, the president of the European Commission, Ursula von der Leyen, said they would include “more controls on the export of civil technology”, according to comments collected by CNN.

Three EU diplomats in Brussels said the new sanctions would focus on an oil price cap to match that agreed by the world’s most industrialized powers in the G7, a meeting in which France, Germany and Italy participated.

“We also hope that there will be more individual lists,” said one of the diplomats, who spoke on condition of anonymity.

The diplomat added that the oil limitation should come into force from December, along with the EU embargo on Russian coal , while the tightening of restrictions on the export of high-tech products aims to curb Russia’s capabilities. on the battlefield.

“I don’t know how quickly we will be able to agree on new sanctions,” an EU official said, noting that resistance to further punishment of Moscow by some member states could slow things down.

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The European Commission is expected to present a written proposal next week, and the EU’s 27 national leaders could approve it when they meet in Prague on October 6-7, the sources said.

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