A document detailing three EU sanction scenarios against Russia emerged today ahead of discussions at a leaders’ summit next week, reports Reuters.
The lowest level of sanctions would restrict imports of Russian luxury goods and ban exports of fertilisers, chemicals, tyres and vessels, whilst also banning all arms imports and exports.
The toughest sanction scheme could include capital market restrictions, prohibition of new investment in Russia, regulation of Russian assets in EU companies and a ban on imports of oil and gas from Russia.
The discussions on sanctions will happen after Ukrainian's vote presidential election vote on Sunday. Several leaders have expressed concern regarding potential Russian influence during the elections.
The lowest level of sanctions would restrict imports of Russian luxury goods and ban exports of fertilisers, chemicals, tyres and vessels, whilst also banning all arms imports and exports.
The toughest sanction scheme could include capital market restrictions, prohibition of new investment in Russia, regulation of Russian assets in EU companies and a ban on imports of oil and gas from Russia.
The discussions on sanctions will happen after Ukrainian's vote presidential election vote on Sunday. Several leaders have expressed concern regarding potential Russian influence during the elections.