The European Commission has prepared a new package of sanctions Russia and Belarus’s invasion of Ukraine will hit Russian oligarchs and politicians, as well as three Belarusian banks, three sources told Reuters on Tuesday.
The sanctions plan was approved by the EU executive on Tuesday morning and was expected to be discussed by EU ambassadors at this time, a source said. The draft will “block” three Belarusian banks from the SWIFT banking system and will add several more oligarchs and Russian lawmakers to the EU blacklist, sources told Reuters.
The package also bans exports of naval equipment and software to Russia from the EU and provides guidelines for tracking cryptocurrencies to avoid their use to circumvent EU sanctions, the sources said.
US President Joe Biden will also announce a ban on Russian oil imports today, sources familiar with the matter said. According to Bloomberg, the ban will include Russian oil, liquefied natural gas and coal.
The Chinese President had a teleconference with the German Chancellor Olaf Solz and the French President Emanuel Macron on Tuesday Xi Jinping, with the three states showing willingness to coordinate their diplomatic efforts in Ukraine. The Chinese president reiterated that China is willing to “work actively” with the international community to mediate the crisis in Ukraine, without giving details.
His plan to reduce Russian oil and gas imports is expected to be announced later in the day by British Prime Minister Boris Johnson, according to Politico.
It is noted that futures contracts crude oil increased profits up 4% to $ 124.21 at 8:19 a.m. in New York, while the possibility of a ban on oil imports pushes crude to reach the highest levels since 2008.
reuters.com
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