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EU Looks to Tighten Russia Sanctions Without Touching Energy

  • Any new EU moves to be limited in scope, officials say
  • U.S., EU to discuss sanctions plans during Biden visit
A refinery in Tuapse, Russia.

A refinery in Tuapse, Russia.

Source: Bloomberg

The European Union is considering tightening or expanding existing sanctions against Russia in coordination with the U.S., while refraining from major new steps to cut off oil and gas purchases amid a deepening divide within the bloc over how to limit Moscow’s biggest source of revenue. 

EU leaders, who start a two-day summit in Brussels on Thursday with an appearance by U.S. President Joe Biden, will not forge new penalties against Russia, officials in French President Emmanuel Macron’s office told reporters on Wednesday. Any new measures countries can agree on this week would be limited in scope and possibly focused on closing loopholes, according to an EU diplomat.