EU Proposes Longer Sanctions on Russia, Including Diamond Ban and Blacklisting

The European Union (EU) has proposed a 12th package of Russia sanctions, including restrictions against foreign companies doing business with Russia and a ban on Russian diamond and other imports. The sanctions aim to tighten the EU's oversight of the oil price cap and restrict sales of tankers to Russia. Additionally, the EU plans to ban the import of rough diamonds from Russia and blacklist around 120 individuals and entities. The sanctions package is expected to take several weeks to be adopted by all member states.