The sanctions will only be effective after their publication in the official gazette of the EU, which usually occurs within hours or the day following their formal approval.
The West has sanctioned Russian billionaires, frozen state assets and cut off much of Russia’s business sector from the world economy in an attempt to force President Vladimir Putin to change course on Ukraine.
In what would be the EU’s fourth package of sanctions against Russia since its invasion of Ukraine on February 24, the 27-nation bloc will ban the export of luxury goods, including cars, to Russia.
It will also ban the import of Russian iron and steel products, European Commission President Ursula von der Leyen said on Friday.
At Sunday’s meeting, the diplomats asked the Commission, which drafted the economic sanctions, to explain some aspects of the new economic measures to ensure they cannot be successfully challenged in EU courts, according to two EU sources.
One of the diplomats said no concerns were raised about the new lists of oligarchs and businessmen, which are contained in a separate legal document drawn up by the EU’s foreign action service.
By Francesco Guarascio and Gabriela Baczynska
Source: Ambito
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