EU Set to Add Luxury Goods, Steel, Iron to Russia Sanctions
- Proposal would ban selling high-end items worth over 300 euros
- Package set for final approval by EU nations on Tuesday
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The European Union is set to approve banning the sale to Russia of luxury goods worth more than 300 euros ($329.58), as well as the purchase of many Russian steel and iron products as part of a fourth round of sanctions over the invasion of Ukraine, according to a draft obtained by Bloomberg.
EU diplomats on Monday teed up the stricter measures, which also include a ban on new investments in Russian energy projects, after several days of closed-door debate. They could be formally adopted as early as Tuesday morning.