European Commission Adopts Proposal to Strengthen Russian Sanctions Packages
The European Commission on July 15 adopted a joint proposal for new measures to uphold the effectiveness of the EU's six sanctions packages against Russia following its invasion of Ukraine, the commission announced. Dubbed the "maintenance and alignment" package, it…
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includes a new import ban on Russian gold, reinforces dual-use and advanced technology export controls, strengthens reporting requirements to shore up asset freezes, clarifies the scope of some sanctions and extends current sanctions until January 2023. “Russia's brutal war against Ukraine continues unabated," EC President Ursula von der Leyen said. "Therefore, we are proposing today to tighten our hard-hitting EU sanctions against the Kremlin, enforce them more effectively and extend them until January 2023. Moscow must continue to pay a high price for its aggression.”