EU adopts new package of sanctions against Russia

(Brussels Times, Brussels, 17 December 2022) The Council of the European Union (Council of Ministers) adopted on Friday a package of new measures intended to step up pressure on Russia in response to its ‘continuing war of aggression against Ukraine and the gravity of the current escalation against civilians and civilian infrastructure’. The EU will reinforce the sanctioning of investments by additionally prohibiting new investments in the Russian mining sector, with the exception of mining and quarrying activities involving certain critical raw materials. Export credit guarantees for investments in Russia have already been covered by previous sanction packages.