AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,546 Increased By 137.4 (1.85%)
BR30 24,809 Increased By 772.4 (3.21%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

BRUSSELS: Brussels has proposed to EU member states an 11th round of sanctions over Russia’s war on Ukraine aimed at cutting down on evasion, a spokesman said Monday.

“This package will be focusing on the implementation of sanctions, their effectiveness and how we avoid the evasion of sanctions,” European Commission spokesman Eric Mamer said.

As part of the package the EU’s executive has recommended halting exports of sensitive technologies to eight Chinese companies over suspicions they were selling them on to Russia, according to a document seen by AFP.

EU ambassadors will meet on Wednesday to begin discussions on the latest proposals.

The 27-nation EU has hit Moscow with an unprecedented swathe of sanctions since Russian President Vladimir Putin launched the war on Ukraine last February.

Ukraine says Russia has effectively stopped Black Sea grain deal

But some European diplomats concede the bloc has now come close to reaching the limit on broad measures all EU countries are willing to agree.

Brussels is now turning its attention to closing the loopholes in the sanctions already in place.

The EU wants to crack down on the re-exportation via third countries to Russia of sensitive technology that can be used on the battlefield, such as microchips.

European officials have complained that countries including Turkiye, the UAE, and ex-Soviet states in the Caucasus and Central Asia have seen a huge increase in sanctioned goods they import.

Companies in Armenia, Iran, Uzbekistan and the United Arab Emirates are also on the list of those to which the commission is proposing restricting exports.

As part of the new proposals, the EU is also looking to streamline its cumbersome procedure for going after countries involved in circumvention.

It is pushing to establish a mechanism that could allow it to restrict the export of certain goods to third countries suspected of serving as conduits to Russia.

Comments

Comments are closed.