• 최종편집 2023-12-01(금)
 

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The EU is contemplating the reinforcement of sanctions against Russia in its 12th round. The draft of these sanctions highlights the dependence on voluntary proof by operators at various stages of the supply chain for enforcing a cap on Russian oil prices via maritime transport.

  

To improve the effectiveness of the oil price cap and prevent false claims, the draft suggests the inclusion of detailed ancillary cost disclosure requirements, enabling operators at different supply chain stages to share this information.

  

This measure is a response to recent instances of Russian oil prices exceeding the $60 per barrel cap due to illicit maritime exports, currently approaching $80 per barrel, prompting measures to curb this trend.

  

As part of the 12th round of sanctions, the EU is also considering sanctions on liquefied petroleum gas (LPG) as an extension of measures targeting the Russian fossil fuel sector.

  

The EU is reinstating sanctions on the Russian diamond sector, an action opposed by Belgium, within the framework of the 12th round of sanctions. Currently, Russia's state-owned mining company, Alrosa, produces one-third of the world's diamonds. While the U.S. has already prohibited Russian diamond trade to cut off funding for the war, the EU has yet to reach an agreement on sanctions, partly due to strong opposition from Belgium's diamond industry.

  

Recent signals of Belgium easing its opposition and potentially accepting diamond sanctions indicate that Russia's diamond sector might be included in the 12th round of sanctions.

  

According to the draft of the 12th round of sanctions, the targeted items include diamond gemstones and non-industrial synthetic diamonds, with the import ban scheduled to take effect from January 1, 2024.

 

Meanwhile, the EU Council at the Ambassador level is slated to discuss additional sanction proposals on the 17th, with expectations for an agreement by mid-December or the end of the year, although the final agreement remains uncertain.

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EU Drives 12th Round of Sanctions, Emphasizing Oil Measures and Exploring Further Actions for Diamond Sector
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