EconomyPolitics New EU sanctions towards Russia: Which sectors will likely be hit? Thursday, January 16, 2025 
The EU could embrace a ban on aluminum imports within the sixteenth bundle of Russian sanctions, which will likely be adopted in February. The ban will likely be applied in phases. The US and Britain have already banned imports of Russian aluminum, however the EU has refused to comply with their instance attributable to opposition from some member states.
Within the first three quarters of final 12 months, EU nations imported about 130,000 tons of aluminum from Russia (6% of the entire). For comparability, for a similar intervals in 2023 and 2022, this determine reached 11% and 19%, respectively.
As well as, the EU is contemplating introducing a gradual phaseout of LNG from Russia as a part of its subsequent bundle of sanctions. There are additionally sanctions towards dozens of shadow fleet vessels and additional export management on items used for army functions. The transfer will even trigger extra banks to be disconnected from the SWIFT worldwide cost system.
For the primary time, the EC will attempt to impose commerce sanctions towards Russia, which don’t require a unanimous vote and can’t be blocked by a veto from Hungary or Slovakia.
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