EU Takes Aim at Key Exports to Russia in New Sanctions
- Package includes diamonds ban and measures to enforce oil cap
- Russia has been able to sustain its production of ammunition
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The European Union has proposed banning the export of machine tools and machinery parts that Russia uses to make weapons targeting Ukraine, according to documents seen by Bloomberg.
The proposal is contained in the EU’s 12th sanctions package, which also includes a ban on diamonds and measures to better enforce the price cap on Russian oil. Member states are set to discuss the proposals this week and they could change before they’re approved.