The European Union has proposed a new package of sanctions against Russia, caused by the ongoing military aggression against Ukraine. This is the eighth package of European sanctions that will ban the import of Russian products worth about €7 billion and introduce a number of other restrictions.
Among them should be mentioned the limitation of the price of Russian oil and the ban on the sale to Russia of key technologies that could benefit its armed forces. Also, EU citizens will be banned from holding highly paid positions in Russian state-owned companies. At the same time, the EU proposes to impose sanctions on a number of individuals and entities, including high-ranking officials of the Russian ministry and those involved in the recent illegal “referenda” in the temporarily occupied Ukrainian territory.
In addition, the EU will tighten restrictions on crypto-currency investments of Russians within the Commonwealth. The previous limit on the placement of cryptocurrency assets in the amount of €10,000 (which was set in April) will be lifted, an informed source said. Potentially, this will lead to the fact that the Russians will not be able to store any assets in crypto wallets in the EU.
Source: bloomberg , coindesk
