Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » Brussels proposes new import ban on Russian gold

    Brussels proposes new import ban on Russian gold

    npsBy nps18 July 2022 Finance No Comments2 Mins Read
    — Filed under: EU News Headline2 Russia Ukraine
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Brussels proposes new import ban on Russian gold

    Russia EU

    (BRUSSELS) – A new package of measures to maintain and strengthen the effectiveness of EU sanctions against Russia, proposed Tuesday by the EU Commission, include a new import ban on Russian gold.

    The Commission proposal for a “maintenance and alignment” package clarifies a number of provisions to strengthen legal certainty for operators and enforcement by Member States. It also further aligns the EU’s sanctions with those of its allies and partners, in particular in the G7. The package reiterates the Commission’s determination to protect food security around the globe.

    “Russia’s brutal war against Ukraine continues unabated, ” said the Commission president Ursula von der Leyen: “Therefore, we are proposing today to tighten our hard-hitting EU sanctions against the Kremlin, enforce them more effectively and extend them until January 2023. Moscow must continue to pay a high price for its aggression.”

    Today’s package will introduce a new import ban on Russian gold, while reinforcing the EU’s dual use and advanced technology export controls. In doing so, the EU executive says it will reinforce the alignment of EU sanctions with those of its G7 partners. It will also strengthen reporting requirements to tighten EU asset freezes.

    The package also reiterates that EU sanctions do not target in any way the trade in agricultural products between third countries and Russia. Likewise, the text clarifies the exact scope of some financial and economic sanctions.

    Finally, it is proposed to extend the current EU sanctions for six months, until the next review at the end of January 2023.

    The package will now be discussed by EU states with a view to its adoption.

    European Commission website on EU sanctions against Russia and Belarus

    European Commission website on Ukraine

    Questions and answers on restrictive measures

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Bulgaria euro - Photo © European Union 2025

    Bulgaria takes its place as 21st member of the eurozone

    Investment - Photo by Anna Tarazevich on Pexels

    EU agrees on shorter settlement cycle for securities trading

    Brussels to postpone market risk prudential requirements under Basel III by one more year

    Euro dollar - Photo by cottonbro studio on Pexels

    Euro, US dollar dominate extra-EU trade in 2024

    Mînzatu - Dombrovskis - Photo © European Union 2025

    Competitiveness and security the focus of EU’s ‘spring package’

    Euro ATM - Image by Peggy und Marco Lachmann-Anke from Pixabay

    Bulgaria cleared to join euro on 1 January 2026

    LATEST EU NEWS
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Euro continues to hold its ground – Euro currency news daily

    9 July 2025
    Chemical production nature clouds - Image by andreas N from Pixabay

    EU to set up Critical Chemical Alliance

    8 July 2025
    Bulgaria euro - Photo © European Union 2025

    Bulgaria takes its place as 21st member of the eurozone

    8 July 2025
    Cars CO2 emissions- Photo by Alexey Demidov on Pexels

    Brussels seeks views on CO2 emission standards for cars and vans, car labelling

    7 July 2025
    Farming soyabean - Image by Loren King from Pixabay

    Brussels authorises use of safe genetically modified soybean as food and animal feed

    4 July 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Design and developed by : 

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?