EU Proposes Tougher Sanctions on Russia, Including Ban on Diamond Imports

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 is preparing new measures to identify deceptive practices by vessels carrying Russian oil and propose new reporting requirements for operators. The sanctions package is expected to take several weeks to be adopted by all member states.