The European Union will target Russian gold exports in its next sanction package and seek to “close exit routes” for those bypassing its earlier packages, an EU commissioner said Friday, July 15.
The EU has so far approved six sanction packages against Russia. The last one passed in June imposed a ban on most Russian oil imports. The EU will look into “ways we could slap a sanction regime on gold, which is an important commodity for exports from Russia”, Maros Sefcovic, deputy head of the European Commission, said in Prague.
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“As soon as we reach an agreement at the level of member states, we will publish it,” he said ahead of an informal meeting of EU affairs ministers held by the Czech presidency of the 27-nation bloc.
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