The European Commission formally announced its proposal for a seventh package of sanctions against Russia on Friday in light of its monthslong war against Ukraine.
The sanctions are expected to target Russian gold imports into the EU and "to close exit routes" for actors
trying to get around earlier sanctions, European Commission Vice-President Maros Sefcovic said.
The EU is looking for ways to "slap a sanction regime on gold, which is an important commodity for exports from Russia" following the announced ban of Russian gold imports by G7 members in June, Sefcovic said.
Read more:
EU seeks to ban Russian gold in seventh sanctions package | News | DW | 15.07.2022
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