By Victor Duda
Sources in the EU diplomatic circles have reported that new sanctions will be concentrated around oil prices. Restrictions should come into force in December with EU embargo on Russian coal. In addition, they want to impose stricter restrictions on exports of high -tech products to limit the combat capabilities of the Russian Federation. It is also expected to expand the list of people from the environment of the Russian top, which will fall under individual sanctions.
Hawks, including Poland and Baltic countries, want to ban diamonds from Russia and confiscation of Russian assets frozen in Europe. However, interlocutors of journalists believe that this is unlikely to be possible. Germany and Hungary are opposed to harsh economic restrictions. On September 22, Hungarian Prime Minister Viktor Orban said that all the sanctions on Russia should be abolished.
Because of this resistance, it is difficult to predict when the European Union is able to agree on new sanctions. The European Commission is expected to provide a written proposal next week. 27 EU chapters can approve it during a meeting in Prague, which will take place on October 6-7.
We will remind, sanctions for the war in Ukraine stopped the growth of the Russian economy: the Kremlin expected that in 2022 the economic sector of the country would show an increase of 5-6%, but instead of growth there was a fall by 4%. Former Deputy Minister of Economy of the Russian Federation Oleg Vyugin estimates the effectiveness of sanctions only in 30-40%, as the Russians have learned to bypass restrictions.
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