Introduction

  • Summary of the main news: The European Union's adoption of the 12th package of sanctions against Russia.
  • Source of information: Council of the EU statement quoted by "European Truth".

Details of the Sanctions

  • Prohibition on the import, purchase, or transfer of Russian diamonds.
  • Restrictions on secret goods and technologies, including their re-export to Russia.
  • Additions to the list of prohibited exports to Russia, including chemicals, lithium batteries, thermostats, motors, and machinery parts.

Impact on Trade and Industry

  • Additional limitations on the import of iron, pig iron, copper wire, aluminum wire, foil, pipes, and rolled products.
  • Exceptions for personal use items and diplomatic vehicles from Russia.
  • Gradual reduction in the import of certain metal products.

Expanded Prohibitions and Requirements

  • Ban on transit of military goods through Russia.
  • Restrictions on Russian citizens owning or controlling crypto service providing entities.
  • Software provision restrictions.
  • Reporting requirements for financial transfers outside the EU linked to Russian entities.

Oil Price Cap Compliance

  • Tightened requirements to enforce the oil price cap.
  • EU companies selling tankers to third parties must report these transactions.

Switzerland's Alignment with EU Sanctions

  • Switzerland joining EU measures on iron and steel import restrictions and import control measures.

Expansion of Individual Sanction Lists

  • Addition of 29 entities supporting Russia's military-industrial complex.
  • Inclusion of numerous additional individuals and legal entities.

Context and Background

  • The EU Summit's decision and the delay due to Austria's concerns over Raiffeisen Bank.

International and Economic Implications

  • Analysis of the sanctions' impact on the global economy and international relations.
  • Reactions from Russia and other international players.

Concluding Remarks

  • Summary of the situation and potential future developments.

Introduction to the Article

Title: "EU Adopts Comprehensive 12th Sanction Package Against Russia"

The European Union has solidified its stance against Russia by finalizing the adoption of its 12th package of sanctions. This latest round of punitive measures, as reported by the Council of the European Union and quoted by "European Truth", introduces a significant expansion of restrictions, reflecting the EU's ongoing response to the evolving geopolitical landscape. Among the most notable sanctions is a comprehensive ban on the direct or indirect import, purchase, or transfer of diamonds from Russia, a measure that aligns with the decisions previously agreed upon by the G7 nations.